Very Short Term correction continuation Expectations
Intra Day Chart Analysis & Market Outlook
(19-07-2017)
Nifty-Intra Day Chart (18-Jul-2017):-
Just click on chart for its enlarged view |
1- Selling between 9870-9885
2- Selling between 9861-9871
3- Down moves in Bullish Falling Channel
4- Last hour minor Support between 9793-9835
5- Whole day actual trading between 9793-9885
Conclusions from intra day chart analysis
As some selling yesterday and weaker Asian markets today morning therefore gap down opening and follow up selling also therefore some more down moves can not be ruled out in the coming sessions. Some consolidation today through Down moves in Bullish Falling Channel and last hour minor Support between 9793-9835 therefore some up moves can not be ruled out within today trading range but today started Very Short Term correction continuation is expected in the coming sessions.