Finally down moves amid Global cues led high volatility
Intra Day Chart Analysis & Market Outlook
(18-03-2020)
Nifty-Intra Day Chart (17-Mar-2020):- |
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1- More than 300 points up moves in first 2 hours
2- Selling between 9254-9403(Immediate Resistances)
3- 300 Points sharp fall in last hour
4- Whole day actual trading between 8915-9403
Conclusions from intra day chart analysis
Although more than 300 points up moves in first 2 hours but higher levels good Selling between 9254-9403 therefore 300 Points sharp fall in last hour and closing near lower levels of the day after loosing 2.50% points.
As good selling was between 9430-9584 yesterday and follow up selling between 9254-9403 was seen today also therefore more down moves are expected and until Nifty will not sustain above 9584 after complete consolidation till then any decisive up move will not be seen and finally down moves are expected amid Global cues led high volatility expectations