Very Short Term Correction Possibility
Intra Day Chart Analysis & Market Outlook
(20-10-2015)
Nifty-Intra Day Chart (19-Oct-2015):-Just click on chart for its enlarged view |
1- Selling patterns formation between 8240-8460
2- Selling patterns formation between 8271-8283
3- Whole day actual trading between 8240-8283
Conclusions from intra day chart analysis
Although closing near the higher levels of the day after whole day positive zone trading but intraday patterns have shown selling patterns also therefore indications of very Short Term correction in the coming session and possibility of slipping below today lowest as well.