Firstly watch levels amid correction continuation expectations
Intra Day Chart Analysis & Market Outlook
(16-02-2018)
Nifty-Intra Day Chart (15-Feb-2018):-
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| Just click on chart for its enlarged view |
1- Mixed Patterns formation between 10552-10618
2- High Volatility
3- Whole day actual trading between 10512-10618
Conclusions from intra day chart analysis
Although Green closing after whole day positive zone trading but complete consolidation was not seen and most time trading was with Mixed Patterns formation therefore view will not be Bullish.
As whole day today trading was with high volatility amid most Bullish Global markets and Nifty closed only 0.42% up therefore Indian markets today trading will be understood with under performance.
1st resistance between 10524-10577 was updated yesterday and today closing was within this range at 10545.50 therefore sustaining beyond 10524-10612 should also be firstly watched for next decisive moves confirmations amid correction continuation expectations.