Next Big moves confirmations from last supports range
Intra Day Chart Analysis & Market Outlook
(19-04-2017)
Nifty-Intra Day Chart (18-Apr-2017):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Strong 78 points Pullback Rally in first hour
2- 2 Hours sideways trading between 9202-9217
3- Last 3 hours down moves after Weakness in all European markets and sharp decline in Dow's Futures
4- Whole day actual trading between 9096-9217
Conclusions from intra day chart analysis
Following lines were told in previous Outlook on 16-04-2017 in "Firstly Watch next Supports amid Pull Back Rally expectations":-
emergence Pull Back Rally expectations
As was told 100% same happened and strong 78 points Pullback Rally in first hour today
Following lines with supports were told on 11-04-2017 in "Correction Continuation towards next supports":-
now Nifty will be understood sideways between 9020-9274.
1- 9148-9166
2- 9110-9124
3- 9025-9040
Previous Outlooks on home page are live proofs of this fact that we started to tell for correction from 03-04-2017 and that started immediately after that as well as still in continuation. Sideways market between 9020-9274 was also updated with above mentioned 3 supports and Nifty closed below 2nd supports range today.
Certainly correction continuation within 24 sessions trading range(9020-9274) and finally sustaining it beyond will generate big moves,last supports range within it are between 9025-9040 which should be firstly watched for it confirmations.
