Firstly Watch 8689-8746 for next Trend Confirmations
Intra Day Chart Analysis & Market Outlook
(15-09-2016)
Nifty-Intra Day Chart (14-Sep-2016):-
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| Just click on chart for its enlarged view |
1- Selling between 8725-8736
2- Support between 8689-8712
3- Up moves in Bearish Rising Channel
4- Whole day actual trading between 8689-8739
Conclusions from intra day chart analysis
Although selling immediately after opening and Up moves in Bearish Rising Channels also but lower levels good supports were also seen therefore today closing near the higher levels of the day. As selling was seen below 8746 last Monday and supports above 8689 today therefore firstly sustaining beyond 8689-8746 should be watched for next trend confirmations for:-
1- Strong signal of on going correction completion above 8746.
2- Correction continuation towards 8544 below 8689.