Just Watch Crucial Levels to understand next trend
Intra Day Chart Analysis & Market Outlook
(13-04-2016)
Nifty-Intra Day Chart (12-Apr-2016):-
 |
| Just click on chart for its enlarged view |
1- Support between 7677-7690
2- More than 2 hours Mixed Patterns between 7695-7717
3- Minor support between 7674-7684
4- Selling between 7704-7717
5- Whole day actual trading between 7677-7717
Conclusions from intra day chart analysis
Following line were told yesterday in "Rally Continuation after follow up fresh consolidation":-
today started rally continuation is expected
As was told 100% same happened and Nifty closed .49% up today but as such intraday consolidation was not seen because more than 2 hours trading was mixed Patterns formations between 7695-7717 and selling was also seen in last hour despite today closing near the higher levels of the day. As Nifty got supports at lower levels also therefore whole day today trading will be understood with Mixed patterns formations.
Expected that Nifty will firstly trade and prepare for next decisive moves near about and within today trading range(7677-7717) and its valid break out will be first indication and sustaining beyond 7517-7777 will be next trend final confirmation therefore these crucial levels should be firstly watched tomorrow to understand next trend.
Let Nifty prepare for next decisive moves between 7677-7717 then next trend will be updated from intraday charts patterns formations in the same manner as being done for the last more than 5 years because our policy is "No gossiping never guessing and whatsoever market suggest,only that is always updated".