Correction continuation towards next supports
Intra Day Chart Analysis & Market Outlook
(13-04-2017)
Nifty-Intra Day Chart (12-Apr-2017):- |
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1- Sharp down after 20 minutes positive zone trading
2- Selling patterns formation between 9184-9191
3- Selling patterns formation between 9212-9226
4- Whole day actual trading between 9162-9246
Conclusions from intra day chart analysis
Although most Asian markets were weak today morning but Indian markets out performed and opened positive and traded also 20 minutes in Green. As selling at higher levels in previous sessions therefore sharply down 80 points in only 30 minutes. Sufficiently good selling was also seen in last 5 hours today therefore correction continuation is expected below today lowest(9162) and towards following next supports:-
1- 9148-9166
2- 9110-9124
3- 9025-9040