Firstly watch levels for next decisive moves confirmations
Intra Day Chart Analysis & Market Outlook
(11-06-2019)
Nifty-Intra Day Chart (10-Jun-2019):- |
| Just click on chart for its enlarged view |
1- Selling between 11934-11975(immediate resistance)
2- Consolidation between 11872-11910
3- Whole day actual trading between 11872-11975
Conclusions from intra day chart analysis
As good intraday consolidation last Friday and all the Asian markets were blasting as well as Dow Jones'S Futures was also more than 70 points up today morning therefore good up moves after positive opening but selling developed at higher levels and Nifty slipped from higher levels.
6 Hours consolidation Patterns formation between 11808-11897 last Friday and more than 3 hours consolidation within and above this range today also therefore 11808-11910 will be immediate supports of Nifty and until Nifty will not sustain below 11808 till then decisive down moves will not be seen.
Although positive closing today but Indian markets completely under performed Global markets and higher levels selling was also seen below 11975 therefore Nifty has to trade and prepare for next decisive moves within 11808-11975 and firstly sustaining beyond this range should be watched in the coming sessions for next decisive moves confirmations.