Emergence of Short Term Correction possibility
Intra Day Chart Analysis & Market Outlook
(20-12-2019)
Nifty-Intra Day Chart (19-Dec-2019):- |
| Just click on chart for its enlarged view |
1- Whole day Up moves in Bearish Rising Channels
2- Whole day actual trading between 12192-12268
Conclusions from intra day chart analysis
Although today closing was at life time highest with 38 points gains also but whole day Up moves were in Bearish Rising Channels therefore emergence of Short Term Correction possibility below today lowest(12192) which may be seen in the next 1/2 sessions.