Carefully watch 10045
Intra Day Chart Analysis & Market Outlook
(22-09-2017)
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| Just click on chart for its enlarged view |
1 Sharp down immediately after opening
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 10059-10158
Conclusions from intra day chart analysis
Following lines were told at 10:00 AM on 20-09-2017 in "Post-open Outlook(20-09-2017)":-
1- Although positive zone trading since today opening but intraday charts of first 45 minutes are showing some selling indications also
2- finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.
Although strong recovery from lower levels after first 45 minutes sharp down but last 5 hour up moves were in Bearish Rising Channel and yesterday closing was below 10130 therefore view will be Bearish.
Down moves below yesterday lowest(10058.60) can not be ruled out but next supports below it at 10045 and firstly sustaining it below should be carefully watched because next supports are much below it at 9920