Very Short Term up Moves Expectations
Intra Day Chart Analysis & Market Outlook
(28-10-2016)
Nifty-Intra Day Chart (27-Oct-2016):-
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| Just click on chart for its enlarged view |
1- Firstly Down moves in Bullish Falling Channel
2- Up moves with intraday corrections
3- Whole day actual trading between 8551-8624
Conclusions from intra day chart analysis
Firstly Down moves but in Bullish Falling Channel after weak opening therefore last 3 hours up moves. As intraday corrections were also seen in last hours up moves therefore Very Short Term up moves are firstly expected in the coming 1/2 sessions.