Firstly watch levels for next decisive moves confirmations
Intra Day Chart Analysis & Market Outlook
(25-03-2020)
Nifty-Intra Day Chart (24-Mar-2020):- |
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1- Tumbling more than 400 points in first 30 minutes
2- Consolidation between 7512-7740(Immediate Supports)
3- Up moves with downward correction
4- Selling between 7845-7990(Immediate Resistances)
5- 200 Points sharp fall in last hour
6- Whole day actual trading between 7512-8036
Conclusions from intra day chart analysis
Although Nifty closed 12.98% down yesterday but we told for up moves above 8159.25 which were seen up to 8036.95 today after strong opening.
It was highly volatile day today because Nifty tumbled more than 400 points in first 30 minutes and after that consolidated at lower levels. Although up moves with downward correction in Mid-sessions but higher levels selling was also seen therefore 200 Points sharp fall was seen in last hour.
As lower levels consolidation and higher levels selling therefore today trading will be understood with Mixed Patterns formation between 7512-8036 and finally sustaining beyond this range will confirm next decisive moves which should be firstly watched in the coming sessions.