Finally slipping after a Pull Back Rally
Intra Day Chart Analysis & Market Outlook
(02-05-2017)
Nifty-Intra Day Chart (28-Apr-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9295-9314
2- Up moves in Bearish Rising Channel
3- Last 2 hours trading with Mixed Patterns formations between 9298-9318
4- Whole day actual trading between 9283-9318
Conclusions from intra day chart analysis
Although sufficiently good intraday selling patterns formations last Friday but Mixed Patterns formations were also seen between 9298-9318 in last 2 hours therefore a Pull Back rally can not be ruled out tomorrow which will not sustain and finally Nifty will slip below day's lowest(9283) in the next 1/2 sessions.