Up moves towards next resistances
Intra Day Chart Analysis & Market Outlook
(02-01-2020)
Nifty-Intra Day Chart (01-Jan-2020):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Consolidation between 12166-1197
3- Whole day actual trading between 12166-12222
Conclusions from intra day chart analysis
As more than 5 hours selling yesterday therefore firstly down moves were seen after positive opening but those down moves were in Bullish Falling Channel and after that more than 4 hours consolidation developed between 12166-1197 hence up moves are expected tomorrow towards next resistances(12265-12287)