Rally expectations after final settlement of US-China trade talks
Intra Day Chart Analysis & Market Outlook
(10-05-2019)
Nifty-Intra Day Chart (09-May-2019):- |
| Just click on chart for its enlarged view |
1- 3 Hours Down moves in Bullish Falling Channel
2- Intraday volatility
3- Whole day actual trading between 11256-11357
Conclusions from intra day chart analysis
As following most negative news today morning therefore Dow's Futures was trading more than 150 points down today morning and all the Asian markets were in deep Red resultant weaker opening of Indian markets and slipping below crucial supports range
As above mentioned most negative news therefore all the Global markets are being crashed in this weeek and indian markets are also participating despite consolidation patterns formations.
Although consolidation was also seen through 3 hours Down moves in Bullish Falling Channel today but closing is just below crucial supports(11315) therefore emergence of correction continuation signals.
Lets wait for final settlement of US-China trade talks and then life of correction will be considered but still expected that finally on going rally will remain continued and sharp up moves
may be seen any day which will be correction completion strong indication.