Firstly Watch levels for next big moves confirmations
Intra Day Chart Analysis & Market Outlook
(02-04-2018)
Nifty-Intra Day Chart (28-Mar-2018):-
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1- Down moves in Bullish Falling Channel
2- Derivative expiry led high volatility in last hours
3- Whole day actual trading between 10097-10158
Conclusions from intra day chart analysis
As all the Global markets were weak last Friday therefore whole day negaive zone trading after gap down opening but some consolidation was also seen therefore indications of some up moves in the beginning of next week.
Derivative expiry led high volatility in last hours and technical positions reverses during such high volatility therefore firstly sustaining beyond last Friday trading range(10097-10158) should be watched for the beginning of next decisive moves.
Last 8 sessions trading between 9952-10227 with lower levels following supports and higher levels following resistances therefore firstly Nifty has to trade and prepare for next big moves within and near about this range as well as finally sustaining beyond this range will confirm next big moves which shou;d also be watched in next week.
1- Supports between 9952-10019
2- Resistances between 10177-10227