Levels will confirm up moves continuation
Intra Day Chart Analysis & Market Outlook
(12-12-2019)
Nifty-Intra Day Chart (11-Dec-2019):- |
| Just click on chart for its enlarged view |
1- Selling between 11896-11906
2- Down moves in Bullish Falling Channels
3- Sharp recovery in last hour
4- Whole day actual trading between 11833-11923
Conclusions from intra day chart analysis
As selling developed after opening therefore slipping but Down moves were in Bullish Falling Channels hence some consolidation developed and resultant sharp recovery in last hour. Both consolidation and selling patterns formations today therefore firstly sustaining above 11906 should be watched for today started up moves continuation confirmations.