More than 3% one sided decisive moves expectations in next week
Intra Day Chart Analysis & Market Outlook(27-06-2017)
Nifty-Intra Day Chart (23-Jun-2017):-
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1- Immediately after opening Down moves in Bullish Falling Channels
2- Up moves with intraday corrections
3- Down moves in Bullish Falling Channels during last hours
4- Whole day actual trading between 7566-7631
Conclusions from intra day chart analysis
Although 0.57% negative closing near the lower levels of the day last Friday but firstly up moves are expected in the beginning of next week because good intraday consolidation was seen through Down moves in Bullish Falling Channels and Up moves with intraday corrections also.
As previous 20 sessions trading between 9561-9698 with higher levels resistances between 9665-9698 therefore follow up complete consolidation is also required for decisive up moves above 9698. Expected that finally more than 3% one sided decisive moves will be seen in next week after valid break out of last 20 sessions trading range(9561-9698) therefore follow up intraday positions should be firstly watched in the nest 1/2 sessions.