Correction continuation towards and below 10000
Intra Day Chart Analysis & Market Outlook
(23-03-2018)
Nifty-Intra Day Chart (22-Mar-2018):-
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| Just click on chart for its enlarged view |
1- 60 Points jump after flat opening
2- Selling between 10177-10207
3- Selling between 10142-10164
4- Volatility in last 2 hours
5- Whole day actual trading between 10105-10207
Conclusions from intra day chart analysis
Pull Back rally continuation was told yesterday and 60 Points jump was seen immediate after opening today despite weaker most Global markets but selling developed at higher levels therefore whole day slipping and closing at lower levels of the day.
As follow up selling in Mid-session and volatility in last 2 hours which is also selling signal therefore following same view which was updated on 19-03-2018 in "Finally correction continuation towards and below 10000 amid only a Pull Back rally possibility ":-
finally on going correction continuation towards and below 10000