Firstly Watch Next Crucial levels after 93 Points Bounce in first Hour Today
Post-open Outlook(14-12-2015)
Nifty-Intra Day Chart (First hour of 14-Dec-2015):-
Just click on chart for its enlarged view |
1- As some intraday supports at lower levels after Bullish Falling Channel formation last Friday therefore a bounce back is firstly expected from lower levels
2- some supports and consolidation patterns were seen last Friday therefore possibility of recovery from lower levels can not be ruled out
As was told yesterday 100% same happened today and strong 93 points bounce back from lower levels after gap down opening was seen in first hour today.
Correction is on and some selling was seen between 7655-7691 in last 3 sessions therefore follow up moves with sustaining beyond these crucial levels should be firstly watched for next decisive moves.