Firstly watch next resistances for the life of today started Pull Back Rally
Intra Day Chart Analysis & Market Outlook
(08-04-2020)
Nifty-Intra Day Chart (07-Apr-2020):- |
| Just click on chart for its enlarged view |
1- Whole day up moves with downward corrections
2- Whole day actual trading between 8361-8819
Conclusions from intra day chart analysis
As all the Global markets closed strong yesterday therefore more than 4% positive opening of Indian markets today and whole day Pull Back Rally remained continued because all the Global markets were strong today and Dow Jones's Futures was also trading more than 600 points up at the time of Indian markets closing.
Whole day up moves of today were with downward corrections therefore today trading will be understood with consolidation and up moves towards following next resistances will be considered:-
1- 8846-9038
2- 9254-9403
3- 9430-9584
As all the Indian markets moves are Corona news led and reactions of Global markets moves therefore firstly sustaining beyond above mentioned next resistances should be watched in the coming sessions for the life of today started Pull Back Rally.