Some up moves are expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(10-09-2020)
Nifty-Intra Day Chart (09-Sep-2020):-
Technical Patterns formation in today intraday charts
1- Up moves in Bearish Rising Channel
2- Down moves in Bullish Falling Channel
3- Up moves with downward corrections
4- Whole day actual trading between 11186-11298
Conclusions from intra day chart analysis
Following supports were updated at 01:52 AM on 09-09-2020 in "Firstly watch 11290 amid Dow Jones 632 points negative closing":-
Next supports below 11290 are as follows:-
1- 11166-11218
Live proofs of exact levels are as follows:-
1- 1st support was told below 11218 and today opening was exactly at 11218.60.
2- Nifty got supports within 1st support range at 11185.15 today.
As most depressing Global cues therefore gap down opening but moved up after getting supports within 1st support range(11166-11218) at 11185.15 and consolidation was also seen through Down moves in Bullish Falling Channel and last 3 hour Up moves with downward corrections therefore some up moves are expected towards 11382-11437 tomorrow.
Expected that Nifty will firstly trade between 11166-11437 in the coming 1/2 sessions and prepare for next decisive moves within this range,let it happen then will be updated according to coming sessions intraday patterns formations.
Until Nifty will not sustain above 11437 till then decisive up moves and sustaining below 11166 after fresh selling will mean more decisive down moves which is finally expected also.