Intra Day Chart Analysis & Market
Outlook(04-05-2017)
Nifty-Intra Day Chart (03-May-2017):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- More than 5 hours sideways trading with Mixed Patterns formations between 9299-9332
3- Whole day actual trading between 9299-9337
Conclusions from intra day chart analysis
As today intraday charts showed some indications of consolidation immediately after opening therefore told following line at 09:57 AM today in "Post-open Outlook(03-05-2017)":-
view will be watchful and firstly valid break out of yesterday trading range(9270-9352) should be watched for next decisive moves confirmations.
As firstly down moves in Bullish Falling Channel and after that whole day trading with Mixed Patterns formations therefore same above levels watching view which was updated today morning because one sided intraday patterns formations were not seen today.