Down Moves below Today Lowest
Intra Day Chart Analysis & Market Outlook
(17-08-2016)
Nifty-Intra Day Chart (16-Aug-2016):- |
| Just click on chart for its enlarged view |
1- Selling between 8668-8682
2- Support between 8601-8621
3- Selling indications in last hour between 8639-8652
4- Whole day actual trading between 8601-8682
Conclusions from intra day chart analysis
Although lower levels supports but sufficiently good selling today therefore down moves are expected below today lowest(8601). As both intraday supports and selling therefore firstly trading with volatility within today trading range can not be ruled out but high possibility of slipping below today lowest after follow up selling within and near about today trading range.