Firstly Watch next Supports amid Pull Back Rally expectations
Intra Day Chart Analysis & Market Outlook
(17-04-2017)
Nifty-Intra Day Chart (13-Apr-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9183-9193
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 9145-9193
Conclusions from intra day chart analysis
Although firstly good selling between 9183-9193 but after that most time consolidation also through Down moves in Bullish Falling Channels therefore emergence Pull Back Rally expectations because Very Short Term indicators have also turned oversold.
Following supports were updated on 12-04-2017 in "Correction continuation towards next supports":-
1- 9148-9166
2- 9110-9124
3- 9025-9040
Nifty closed within 1st supports range at 9150.80 last Thursday and firstly its valid break out should be watched in next week for the life of on going correction.