Very Short Term correction expectations
Intra Day Chart Analysis & Market Outlook
(08-08-2017)
Nifty-Intra Day Chart (07-Aug-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 10068-10088
2- Whole day actual trading between 10047-10088
Conclusions from intra day chart analysis
Although last Friday closing was near the higher levels of the day but we were not Bullish and told following lines in"Watch levels for next Trend confirmations"
Both lower levels supports and higher levels resistances between 9945-10137 and firstly Nifty has to prepare for decisive moves beyond this range therefore follow up moves and valid break out of these levels should be watched in next week for next Trend confirmations.
As follow up selling today therefore Very Short Term correction is expected tomorrow towards following supports:-
1- 10023-10039
2- 9980-9998