Decisive down moves towards next supports
Intra Day Chart Analysis & Market Outlook
(11-04-2018)
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1- More than 5 hours selling between 10400-10424
2- Whole day actual trading between 10382-10424
Conclusions from intra day chart analysis
Resistances betweeen 10378-10420 was updated on 05-04-2018 and was repeated yesterday also,Nifty could not sustain above 10420 today after follow up more than 5 hours selling between 10400-10424 therefore expected that finally nifty will slip below today lowest(10382) and decisive down moves will be seen towards following next supports in the next 1/2 sessions despite Dow Jones now trading 490 points up:-
1- 10228-10285
2- 10115-10150
3- 9952-10015(Last supports of on going Pull Back rally)