Firstly watch levels for next trend
Intra Day Chart Analysis & Market Outlook
(20-07-2017)
Nifty-Intra Day Chart (19-Jul-2017):-
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| Just click on chart for its enlarged view |
1- Selling patterns formation between 9874-9888
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 9852-9905
Conclusions from intra day chart analysis
As most Asian markets were trading strong therefore positive opening and after that most time up moves but in Bearish Rising Channel therefore view will not be Bullish despite today closing near the higher levels of the day.
Next and strong resistances are between 9912-9928 and until complete condolition will not develop till then fresh rally will not be seen. Last 5 sessions trading between 9792-9928 with lower levels supports and higher levels selling and firstly sustaining beyond these levels should be watched for next trend.