Correction continuation expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(20-10-2020)
Nifty-Intra Day Chart (19-Oct-2020):-
Technical Patterns formation in today intraday charts
1- Whole day up moves in Bearish Rising Channels
2- Whole day actual trading between 11821-11898
Conclusions from intra day chart analysis
Although closing was near the higher levels of the day but selling patterns were seen through whole day up moves in Bearish Rising Channels therefore last Thursday started correction continuation is expected below day's lowest(11820.40) in the coming sessions.