Firstly Watch Immediate Next Resistances after First Hour Strong Up Moves
Post-open Outlook(13-01-2016)
Nifty-Intra Day Chart(First 15 Minutes of 13-Jan-2016) |
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Conclusions from intra day chart analysis
Although most negative news after markets hours yesterday but we were not Bearish but cautious therefore told following lines yesterday in "Firstly Watch 7488-7521 Despite Negative News after Market Today"
1- technically indications of some up moves.
2- possibility of some up moves above 7521 has turned alive today
3- suggesting only for some up moves
As was told yesterday 100% same happened today through Nifty is trading above 7521 after gaining more than 66 points within first 15 minutes.
1- Resistances between 7581-7606
2- Resistances between 7614-7640
Nifty will be understood sideways between 7488-7640 because supports at lower levels and above mentioned resistances at higher levels within this range therefore Nifty will trade and prepare for next decisive moves within this range and finally sustaining beyond these Crucial levels will decide next Short Term Trend but firstly above mentioned immediate next resistances should be watched after first hour strong up moves today.