11412-11481 will confirm next decisive moves
Intra Day Chart Analysis & Market Outlook
(17-10-2019)
Nifty-Intra Day Chart (16-Oct-2019):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Selling between 11446-11466
3- Consolidation between 11412-11436
4- Whole day actual trading between 11412-11481
Conclusions from intra day chart analysis
Although closing was near the higher levels of the day after lower levels consolidation but some selling was also seen in Mid-session therefore intraday trading will be understood with Mixed patterns formations and firstly valid break out of Day's trading range(11412-11481) should be watched for next decisive moves confirmations.