Just watch last 3 sessions levels for next trend confirmations
Intra Day Charts Analysis & Market Outlook
(09-09-2015)
Nifty-Intra Day Chart (Sep 03 to Sep 08,2015):- |
| Just click on chart for its enlarged view |
1- Steep fall in first half hour on 04-09-2015
2- Almost last 6 hours trading belween 7680-7692 on 04-09-2015
3- Slipping after most time sideways trading between 7680-7692 on 07-09-2015
4- Strong rally after lower levels supports below 7680-7692 and closing within this range at 7688.25 on 08-09-2015
5- Last 3 sessions most time trading between 7680-7692
Conclusions from 4 Sessions intra day chart analysis
Global cues led high volatility in last 3 sessions with most time trading between 7680-7692 and closing also within it today therefore finally sustaining it beyond should be watched in the coming sessions for:-
1- First strong signal- Valid break out of last 3 sessions most time trading range(7680-7692)
2- Final confirmation- 7539-7720
Correction is on and today intraday sharp up moves will be considered strong Global Cues led A Bounce Back only. Let Nifty sustain above 7720 then further Pull Back Rally will be seen otherewise once slipping below today lowest will mean further steep fall.
As technical positions reverses amid previous 3 sessions like such high volatility therefore above mentioned levels should be watched for next trend confirmations.