Signals of Fresh Down Moves
Intra Day Chart Analysis & Market Outlook
(01-09-2015)
Nifty-Intra Day Chart (31-Aug-2015):- |
| Just click on chart for its enlarged view |
1- Support between 7955-7975
2- selling between 8015-8028
3- Up moves in Bearish Rising Channels
4- High intraday volatility
5- Whole day actual trading between 7948-8043
Conclusions from intra day chart analysis
As most Asian were trading in Red and Dow's Futures was also more than 200 points down today morning therefore weak opening of Indian markets and high volatility in accordance to Global cues today.
Although up moves after minor supports in first hour but higher levels selling with up moves in Bearish Rising Channel in last hours also therefore signals of fresh down moves in the coming sessions. As Global cues led high volatility today and technical positions reverses during such high volatility therefore firstly valid break down of today lowest(7947.95) should be watched tomorrow for deeper correction confirmations.