Up moves expectations
Intra Day Chart Analysis & Market Outlook
(11-10-2019)
Nifty-Intra Day Chart (10-Oct-2019):- |
| Just click on chart for its enlarged view |
1- Mixed Patterns formation between 11255-11293
2- Consolidation between 11209-11245
3- Whole day actual trading between 11209-11293
Conclusions from intra day chart analysis
As yesterday rally was positive Global cues led and intraday consolidation patterns formations were not seen therefore our view was not Bullish and resultant we updated next resistance levels for rally continuation confirmations.
As no intraday consolidation patterns formations yesterday therefore whole day negative zone trading after weaker opening was seen today.
Although 0.70% weaker closing today but no intraday selling patterns formations and lower levels consolidation was seen today therefore up moves are expected tomorrow.
As Mixed Patterns formation between 11255-11293 therefore once sustaining above it after follow up consolidation will mean rally continuation towards and above following resistances:-
1- 11306-11317
2- 11346-11391