Levels will confirm next decisive moves
Intra Day Chart Analysis & Market Outlook
(13-11-2019)
Nifty-Intra Day Chart (11-Nov-2019):- |
| Just click on chart for its enlarged view |
1- More than 5 hours trading with Mixed Patterns formation between 11854-11912
2- Sharp up moves in last half hour
3- Whole day actual trading between 11854-11932
Conclusions from intra day chart analysis
Although last Monday closing was near the higher levels of the day after sharp up moves in last half hour but before this up moves pure consolidation was not seen and more than 5 hours trading was with Mixed Patterns formation between 11854-11912 therefore firstly sustaining above 11912 should be watched tomorrow for further up up moves confirmations.
As selling patterns were also seen between 11854-11912 last Monday therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about this range and finally sustaining beyond this range will confirm next decisive moves.