Levels will confirm next trend and life of on going correction
Intra Day Chart Analysis & Market Outlook
(22-11-2017)
Nifty-Intra Day Chart (21-Nov-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 10344-10358
2- Whole day actual trading between 10316-10358
Conclusions from intra day chart analysis
As all the Asian markets were trading with good gains therefore firstly strong opening and green closing after whole day positive zone trading but higher levels good selling therefore fast down in last hour and closing near the lower levels of the dayT 10326.90.
Following lines were told yesterday in "Levels will confirm life of on going correction":-
As strong supports and equally strong resistances are lying between 10262-10377 therefore firstly Nifty has to trade and prepare for next trend within this range in the coming sessions and finally sustaining beyond this range will confirm next trend as well as life of on going correction.
Same above mentioned view for tomorrow because today whole day trading and closing was within mentioned trading range(10262-10377) and lower levels supports are still lying after higher levels today selling.