Intra Day Chart Analysis & Market
Outlook(03-11-2017)
Nifty-Intra Day Chart (02-Nov-2017):-Outlook(03-11-2017)
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1- Mixed Patterns formation between 10434-10451
2- Down moves in Bullish Falling Channel
3- Selling between 10429-10444
4- Whole day actual trading between 10413-10451
Conclusions from intra day chart analysis
As both consolidation and selling patterns formations today therefore whole day trading will be understood with Mixed Patterns formations and firstly Nifty has to prepare for next decisive moves within 10413-10451. Nifty traded more than 12 hours between 10413-10451 in last 2 sessions and finally valid break out of this range will confirm Short Term correction below 10413 and on going rally continuation above 10451.