Intra Day Chart Analysis & Market
Outlook(28-09-2016)
Nifty-Intra Day Chart (27-Sep-2016):-Outlook(28-09-2016)
 |
| Just click on chart for its enlarged view |
1- 5 Hours trading with Mixed Patterns formations between 8726-8760
2- Down moves in last hour after sharp down of European markets and Dow's Futures
3- Whole day actual trading between 8691-8760
Conclusions from intra day chart analysis
As firstly trading with Mixed Patterns formations therefore down moves in last hours after sharp down of European markets and Dow's Futures but getting supports just below next supports range(8695-8736) and some recovery from lower levels in last minutes.
As more than 5 hours no clear pattern formations therefore Nifty has to prepare for next decisive moves but fresh selling in the coming trading session will mean sharp 100 points fall because next support are between 8476-8580. Day's closing is within supports range(8695-8736) at 8706.40 and firstly its valid break out should be watched for first signal of correction completion above 8736 or sharp fall below 8695.