Fresh Down Moves
Intra Day Chart Analysis & Market Outlook
(06-05-2015)
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1- Selling between 8322-8355(Immediate Resistances)
2- Whole day actual trading between 8281-8355
Conclusions from intra day chart analysis
Although Nifty closed after 43 points recovery from lower levels but more than 2 hours selling also seen at higher levels today therefore expected that fresh down moves will be seen tomorrow and Nifty will slip below today lowest(8280.60). Today selling range will be immediate Resistances and finally sustaining beyond following immediate supports will decide the fate that rally which started on 30-04-2015:-
1- Supports between 8253-8277
2- Supports between 8144-8168