Cautious view after selling today
Intra Day Chart Analysis & Market Outlook
(19-08-2015)
Nifty-Intra Day Chart (18-Aug-2015):- |
| Just click on chart for its enlarged view |
1- Selling between 8506-8525(Immediate Resistances)
2- Consolidation between 8434-8458
3- Minor selling between 8473-8487
4- Whole day actual trading between 8434-8525
Conclusions from intra day chart analysis
Although firstly more than 2 hours positive zone trading after Green opening but could not sustaining at higher levels after selling between 8506-8525 therefore view will be cautious. As minor selling also was also seen after lower levels consolidation in last 3 hours therefore if follow up selling develops tomorrow then firstly slipping below today lowest(8433.60) and steep fall possibility also can not be ruled out.