Down moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(06-08-2020)
Nifty-Intra Day Chart (05-Aug-2020):-
Technical Patterns formation in today intraday charts
1- Selling between 11178-11225
2- Selling between 11103-11141
3- Sharp fall
4- Whole day actual trading between 11065-11225
Conclusions from intra day chart analysis
Although first half hour strong 130 points rally but fresh selling was seen between 11178-11225 which was below previous resistances between 11247-11299 therefore sharp fall was seen in Mid-session. As follow up selling in last 3 hours between 11103-11141 therefore down moves are expected below today lowest(11,064.05) in the coming sessions