Firstly watch levels for correction continuation/completion
Intra Day Chart Analysis & Market Outlook
(16-06-2017)
Nifty-Intra Day Chart (15-Jun-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9606-9612
2- More than 4 hours Down moves in Bullish Falling Channel
3- Whole day actual trading between 9561-9621
Conclusions from intra day chart analysis
Previous 12 sessions sideways trading was between 9586-9686 and today closing below it after higher levels some selling but more than 4 hours Down moves in Bullish Falling Channel also today therefore emergence of Pull Back Rally expectations.
As correction is on and no confirmation of its completion yet but signals of its completion today after consolidation through more than 4 hours Down moves in Bullish Falling Channel therefore firstly sustaining beyond 9561-9586 lowest should be watched for on going correction continuation/completion.