Firstly watch 11431 for Dow Jones led deeper fall beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(04-09-2020)
Nifty-Intra Day Chart (03-Sep-2020):-
Technical Patterns formation in today intraday charts
1- Selling between 11550-11569
2- Support between 11508-11527
3- Up moves in Bearish Rising Channel
4- Down moves in Bullish Falling Channels
5- Whole day actual trading between 11508-11584
Conclusions from intra day chart analysis
Hingh levels selling and lower levels buying as well as whole day both conosoidation and distribution patterns were seen therefore technically whole day today trading will be understood Mixed Patterns formation and finally sustaining beyond last 2 sessions trading range 11431-11584 should be watched for next decisive moves confirmations.
As Dow Jones traded more then 800 points down till this moment today and resultant in reaction SGX Nifty also traded below 22380 therefore finally today performance of Dow Jones should be watched tomorrow because that will impact on Indian markets opening and whole day trading tomorrow.
Good consolidation above 11431 yesterday and firstly sustaining it beyond should be watched tomorrow for Dow Jones led deeper fall beginning confirmations.