Break out of 10596-10827 will generate next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(17-07-2020)
Nifty-Intra Day Chart Analysis(16-Jul-2020) |
| Just click on chart for its enlarged view |
1- Consolidation between 10596-10625(Immediate Supports)
2- Consolidation between 10630-10696(Immediate Supports)
3- Sharp up in last half hour
4- Whole day actual trading between 10596-10755
Conclusions from intra day chart analysis
As whole day good consolidation therefore sharp up in last half hour was seen but equally good selling at higher levels between 10768-10827 yesterday hence could not move above it today.
Last 2 sessions trading between 10596-10827 with lower levels good consolidation and higher levels good selling therefore Nifty will trade within this range tomorrow and prepare for next decisive moves within this range and finally break out this range will generate next decisive moves which should be firstly watched in the coming sessions.