Next resistance range will confirm life of on going correction completion
Intra Day Chart Analysis & Market Outlook
(21-06-2019)
Nifty-Intra Day Chart (20-Jun-2019):- |
| Just click on chart for its enlarged view |
1- Whole day up moves with intraday corrections
2- Whole day actual trading between 11636-11843
Conclusions from intra day chart analysis
Although firstly down moves after weaker opening but getting support at lower levels and after that whole day up moves with intraday corrections because following positive cues from Global markets:-
1- All the Asian markets were in Green and some were more than .50% up.
2- All the European markets opened strong.
3- Dow's Futures recovered more than 140 points and was trading more than 200 points up at the time of Indian markets closing.
As today Pull Back Rally was Global markets led and closing was just below yesterday mentioned next 2nd resistance range(11842-11882) therefore firstly sustaining above it should be watched for the life of on going correction completion.