Strong Pull Back Rally if no negative news
Intra Day Chart Analysis & Market Outlook
(14-08-2017)
Nifty-Intra Day Chart (11-Aug-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9737-9771
2- Support between 9686-9714
3- Whole day actual trading between 9686-9771
Conclusions from intra day chart analysis
As crashing like situation in all the Global markets therefore gap down opening and 1.11% negative closing with higher levels good selling and lower levels some supports also therefore expected that Nifty will firstly trade and prepare for next decisive moves within last Friday trading range next Monday.
Certainly correction is on and no signal of its completion yet but Short Term Indicators have turned over sold therefore only strong Pull Back Rally will be seen if no negative news come from North Korea and Indo-China border.