Next trend confirmation from
levels only
levels only
Intra Day Chart Analysis & Market Outlook
(13-06-2019)
Nifty-Intra Day Chart (12-Jun-2019):-
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| Just click on chart for its enlarged view |
1- Selling between 11914-11934(Immediate resistance)
2- Slow up moves
3- Volatility in last hours between 11867-11920
4- Whole day actual trading between 11867-11934
Conclusions from intra day chart analysis
Although flat opening but Nifty slipped 30 points within few seconds after opening and whole day actual trading was seen between 11867-11934 with higher levels selling and last hours volatility.
Following lines were told on 10-06-2019 in "Firstly watch levels for next decisive moves confirmations":-
11808-11910 will be immediate supports of Nifty
Nifty traded more than 5 hours today within above mentioned supports range(11808-11910) with intraday volatility and fresh selling above it. As intraday technical positions reverses in volatility also therefore no final view can be formed only from today intraday patterns formations and next trend formations will be decided from valid break out following levels:-
1- 11808-11934(Upper trend 1st indication will be from 11934)
2- 11808-12000(Upper trend 2nd indication will be from 12000)
It must be kept in mind that most crucial sopports below 11808 are as follows:-
1- 11645-11730
2- 11426-11591(Modi ji's victory Gap)