Correction continuation towards next supports
Intra Day Chart Analysis & Market Outlook
(28-01-2020)
Nifty-Intra Day Chart (27-Jan-2020):- |
| Just click on chart for its enlarged view |
1- More than 5 hours selling between 12108-12216(Immediate Resistances)
2- Slipping in last hour
3- Whole day actual trading between 12108-12216
Conclusions from intra day chart analysis
As death toll rises due to Corona viruses and its spreading also all around wourd therefore Dow Jones's Futures was trading more than 200 points down today morning and resultant weaker opening of Indian markets.
Firstly more than 5 hours selling between 12108-12216 and after that slippping till last minutes as well as no consolidation patterns formations therefore correction will remain continued.
Next supports are above 12088 and once sustaining below it will mean Correction continuation towards next supports(11930-12000) and it is expected also.