Firstly Watch levels for the life of on going correction
Intra Day Charts Analysis & Market Outlook
(18-08-2017)
Nifty-Intra Day Chart (Aug 17 & Aug 18,2017)
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1- Selling between 9915-9940 on 17-08-2017
2- Consolidation between 9784-9825 on 18-08-2017
3- 2 Sessions actual trading between 9784-9940
Conclusions from 2 Sessions intra day chart analysis
As last 2 sessions trading between 9784-9940 with lower levels supports and higher levels good selling also therefore firstly Nifty has to trade and prepare for next decisive moves within mentioned trading range which will be done in the beginning of next week.
Intermediate Term correction is on and no confirmation of its completion yet therefore firstly valid break out of last 2 sessioons trading range should be watched for the life of on going correction which means that correction continuation below 9784 or first signal of correction completion above 9940.