Finally correction continuation towards and below 10000 amid only a Pull Back rally possibility
Intra Day Chart Analysis & Market Outlook
(20-03-2018)
Nifty-Intra Day Chart (19-Mar-2018):-
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| Just click on chart for its enlarged view |
1- Whole day selling with intraday corrections
2- Whole day actual trading between 10076-10224
Conclusions from intra day chart analysis
Although today lowest formations at 10075.30 but following topics are live proofs of this fact that we are continuously telling for such deepeer this level correction from 28-01-2018:-
1- Following lines were told 4 days before Budget 2018-19 on 28-01-2018 in "11413.85 will confirm Rally continuation or 5 Waves Correction after Budget":-
1- firstly sustaining beyond 11413.85 should be watched in the coming weeks after Budget
2- sustaining below it will mean 5 waves correction of whole rally from 2252.75 to any highest below 11413.85.
2- Following lines were told on 06-02-2018 in "Watch psychological level amid correction continuation expectations":-
Correction is on and its continuation is expected. As 13.0% retracement level(10,011) and 3rd supports range(10040-10175) are just above psychological of 10000 therefore firstly sustaining beyond 10000 should be watched in the coming weeks for the life of on going correction.
3- Following lines were told on 06-03-2018 in "Correction continuation is expected towards 10000":-
correction continuation is expected towards 10000
4- Following lines were told on 11-03-2018 in "Watch Levels amid correction continuation expectations":-
correction continuation towards and below 10000
As whole day selling with intraday corrections today also therefore same view of finally on going correction continuation towards and below 10000 but Very Short Term indicators have turned oversold thereforeonly a Pull Back rally may be seen any day.
(Just click above topic links and understand complete analysis)