Firstly watch next supports range amid Corona Virus panic
Intra Day Chart Analysis & Market Outlook(03-03-2020)Nifty-Intra Day Chart (02-Mar-2020):-
Just click on chart for its enlarged view |
1- 5 Hours trading with Mixed Patterns formation between 11315-11428
2- 381 Points sharp fall in last hours
3- Whole day actual trading between 11037-11428
Conclusions from intra day chart analysis
As all Asian markets with Dow's Futures were trading strong therefore gap up opening and traded also with more than 1% gains but first 5 hours trading was with Mixed Patterns formation therefore 381 Points sharp fall was seen in last hours because 2 new cases of Corona Virus were found in India.
Next supports range between 11100-11144 was updated on 29-02-2020 in "Just watch next 2 levels for the life of on going correction" and Nifty closed within it at 11132.75 today,firstly sustaining it beyond should be watched for next trend confirmations amid Corona Virus panic led high volatility and huge fall in most Global markets.