Correction Continuation
Intra Day Chart Analysis & Market Outlook
(05-12-2017)
Nifty-Intra Day Chart (04-Dec-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 10143-10163
2- Selling between 10123-10141
3- Whole day actual trading between 10096-10163
Conclusions from intra day chart analysis
Following lines were told yesterday in "Firstly watch next big psychological level for the life of on going correction":-
1- Bullish Falling Wedge formations in last Hour is indicating some up moves in the beginning of next week
2- but will not be able to sustain above day's highest(10269) because good selling between 10205-10269 last Friday.
As was told 100% same happened and Nifty traded most of the time in positive zone and closed also in Green as well as could not move even above 10205.
As sufficiently good selling today therefore expected that Nifty will slip below today lowest(10095.70) and Correction continuation will remain continued towards 10014.