Today Started Correction Continuation Expectations
Intra Day Chart Analysis & Market Outlook
(02-09-2016)
Nifty-Intra Day Chart (01-Sep-2016):-
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| Just click on chart for its enlarged view |
1- Selling between 8792-8811
2- Selling between 8800-8813
3- Whole day actual trading between 8760-8813
Conclusions from intra day chart analysis
Following lines were told yesterday in "Down Moves Expectations":-
sufficiently good intraday selling patterns formations today therefore some down moves are being expected in the coming sessions.
As follow up selling today after yesterday selling therefore today started down moves continuation is expected in the coming sessions and correction of that rally will be firstly seen which started on 29-08-2016 from 8544.