Firstly Watch Next Supports after Mixed Patterns formations today
Intra Day Chart Analysis & Market Outlook
(20-12-2016)
Nifty-Intra Day Chart (19-Dec-2016):-
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1- 5 Hours trading with Mixed Patterns between 8106-8132
2- Sharp down in last hour
3- Whole day actual trading between 8094-8132
Conclusions from intra day chart analysis
Although closing near the lower levels of the day after last hours down moves but as such selling patterns were not seen but Mixed Patterns formations between 8106-8132 in first 5 hours today therefore follow up moves for the preparation of next decisive moves is firstly required within and near about today trading range.
Next supports between 8063-8083 were updated on 15-12 2016 in "Deeper correction below 8150" and its valid break out should be firstly watched in the coming sessions because pure selling patterns formations was not seen today and fresh selling tomorrow will mean possibility of sharp fall towards next supports(7916-7995)