Just Watch 8 Sessions Range for Next Big Trend Confirmations
Intra Day Chart Analysis & Market Outlook
(01-07-2015)
Nifty-Intra Day Chart (30-Jun-2015):- |
| Just click on chart for its enlarged view |
1- More than 4 hours trading with mixed Patterns between 8308-8348
2- Whole day actual trading between 8308-8378
Conclusions from intra day chart analysis
Although closing near the higher levels of the day after good recovery from lower levels but as such good consolidation was not seen and on the contrary first 4 hours trading with mixed Patterns between 8308-8348 therefore final view can not be formed from today intraday charts analysis. As last hours up moves were after following developments also therefore clear consolidation is firstly required tomorrow for sustaining above today highest:-
1- Dow Futures suddenly moves up 100 points and sentiment boosted.
2- News on Business channels signalling some positive developments regarding Greece Crisis.
As today trading psychology was Greece news affected therefore technical positions understanding becomes tough and follow up moves will be firstly watched tomorrow then final view will be formed. Finally sustaining beyond last 8 sessions range(8196-8423) will decide next big trend and should be watched for final confirmations.