Watch levels for next decisive moves confirmations
Intra Day Chart Analysis & Market
Outlook(09-11-2017)
Nifty-Intra Day Chart (08-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Selling between 10358-10384
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Consolidation between 10286-10308
5- Whole day actual trading between 10286-10384
Conclusions from intra day chart analysis
Following lines were told yesterday in "Correction continuation":-
1- higher levels good selling therefore today started correction continuation will be considered
2- minor Pull Back Rally above today lowest can not be ruled out
As was told 100% same happened and firstly Nifty traded more than 4 hours above yesterday lowest and finally closed 47 points down today.
As whole day today trading was with both consolidation and selling patterns formations therefore Nifty will firstly trade and prepare for next decisive moves within and near about today trading range(10286-10384) and finally sustaining beyond today trading should be watched for next decisive moves confirmations.