Next resistances will confirm rally continuation
Intra Day Chart Analysis & Market Outlook
(10-10-2019)
Nifty-Intra Day Chart (09-Oct-2019):- |
| Just click on chart for its enlarged view |
1- Correction continuation in first hour
2- Whole day up moves with minor intraday corrections.
3- Whole day actual trading between 11091-11321
Conclusions from intra day chart analysis
Although firstly correction continuation in first hour but after that whole day up moves were seen because Dow Jones Futures recovered from lower levels and was trading 250 points up at the time of Indian markets closing as well as most European markets were trading strong after positive opening.
As today rally was Global cues led therefore firstly sustaining above next resistances(11346-11391) should be watched for today started rally continuation confirmations.