Finally correction continuation towards next supports
Intra Day Chart Analysis & Market Outlook
(14-08-2019)
Nifty-Intra Day Chart (13-Aug-2019):- |
| Just click on chart for its enlarged view |
1- Selling between 11010-11121(Immediate Resistances)
2- Bullish Falling wedge pattern formations in last half hour
3- Whole day actual trading between 10902-11121
Conclusions from intra day chart analysis
As most positive announcements in Reliance Industries AGM therefore RIL traded more than 10% also but Indian markets are in Bearish mode hence huge selling was done on this news led heated sentiments and Nifty closed 1.65% down today.
Bullish Falling wedge pattern formations in last half hour therefore only some up moves may be seen because Very Short Term Indicators have turned oversold after today sharp fall.
Next supports below today lowest are lying between 10784-10826 and finally correction continuation will be seen towards these next supports because 5 hours selling was seen today.