Watch levels amid correction possibility
Intra Day Chart Analysis & Market Outlook
(03-04-2018)
Nifty-Intra Day Chart (02-Apr-2018):-
Technical Patterns formation in today intraday charts
1- Consolidation between 10128-10154
2- Intraday corrections
3- Last hour Up moves in Bearish Rising Channel
4- Whole day actual trading between 10128-10220
Conclusions from intra day chart analysis
As good consolidation in first hour and whole day up moves with intraday correction therefore closing at higher levels of the day. Last hour Up moves were in Bearish Rising Channel and Short Term indications have turned over bought as well as today closing in resistance range(10177-10227) therefore emergence of last 5 sessions Pull Back rally(9952-10220) correction possibility.
Following conclusive lines were updated yesterday in "Firstly Watch levels for next big moves confirmations" and being repeated for final conclusions:-
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 should also be watched in next week.
1- Supports between 9952-10019
2- Resistances between 10177-10227