Next levels will confirm next trend
Intra Day Chart Analysis & Market Outlook
(07-12-2017)
Nifty-Intra Day Chart (06-Dec-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 100084-10104
2- Selling between 100052-10072
3- Whole day actual trading between 100034-10104
Conclusions from intra day chart analysis
As crashing like situation in most Asian markets therefore weaker opening was seen in Indian markets and intraday selling also developed resultant closing near the lower levels of the day.
Only selling and no consolidation therefore following same view qhich was updated on 03-12-2017 in "Firstly watch next big psychological level for the life of on going correction":-
Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.