Next Decisive moves Confirmation from 8295-8398 amid Global Markets high Volatility
Intra Day Chart Analysis & Market Outlook
(08-07-2016)
Nifty-Intra Day Chart (07-Jul-2016):- |
| Just click on chart for its enlarged view |
1- Selling between 8333-8345
2- Up moves after strong opening of European markets
3- High volatility in last 2 hours
4- Whole day actual trading between 8318-8361
Conclusions from intra day chart analysis
As soon as intraday charts started to show selling patterns formations then we told following lines today at 12:16 PM in "Mid-session Outlook(07-07-2016)":-
1- intraday charts are showing some selling patterns formations
2- firstly valid break out of today highest(8345.60) should be watched now for next up moves beginning confirmations.
As selling developed immediately after opening today therefore slipping and new intraday lowest formations but strong up moves were also seen immediately after more than 1.25% strong opening of most European markets. We updated 8345.60 for next up moves beginning confirmations and Nifty could not sustain above it and closed below it at 8337.90 despite strong trading of all European markets today.
As Global markets are also highly volatile in last 2/3 sessions and high volatility was seen in last 2 hours of Indian markets also today as well as technical positions reverses in such high news based high volatility therefore it will be better to get next decisive moves confirmation from sustaining beyond 8295-8398.
We told for selling today at 12:16 PM and FIIs and Diis were net sellers in all the segments today which is clear from following figures:-
FII & DII trading activity in Capital Market Segment on 07-Jul-2016:-
FII Trading Data in Derivatives Segment on 07-Jul-2016:-
| ||||||||||||||||
| ||||||||||||||||
FII Trading Data in Derivatives Segment on 07-Jul-2016:-