Intra Day Chart Analysis & Market
Outlook(08-10-2015)
Nifty-Intra Day Chart (07-Oct-2015):-Outlook(08-10-2015)
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1- Up moves in Bearish Rising Channel
2- Selling between 8167-8185
3- Down moves in Bullish Falling Channel
4- Consolidation between 8150-8164
5- Whole day actual trading between 8133-8188
Conclusions from intra day chart analysis
Following levels with its importance were updated yesterday in "Finally 8092-8185 will decide Next Big Trend":-
finally valid break out 8092-8185 should be watched for next big trend confirmations
Nifty traded almost whole day between mentioned levels and also closed within it today with both consolidation and selling patterns formations. Intraday volatility within 55 points without much sideways moves today but completely under performed Global markets because all the global markets traded with very good gains and Dow's Futures was also more than 125 points up while Indian markets traded most time with nominal gains and moves into negative zone as well which means selling market signals generation today.
As consolidation patterns were also seen and today closing was near the higher levels of the day also therefore firstly sustaining it beyond should be watched tomorrow because that will firstly give next trend indication.
Detailed analysis have already been explained in above mentioned topic yesterday and next moves should be understood according to that.