Levels will confirm next decisive moves amid extremely depressed sentiment
Intra Day Chart Analysis & Market Outlook
(16-08-2019)
Nifty-Intra Day Chart (14-Aug-2019):- |
| Just click on chart for its enlarged view |
1- Consolidation between 10936-10994
2- Mixed Patterns formation between 11001-11078
3- Whole day actual trading between 10936-11078
Conclusions from intra day chart analysis
As consolidation in first hour after positive opening therefore sharp up but Nifty remained sideways and traded with Mixed Patterns formation between 11001-11078 in last 5 hours hence valid breakout of this range will give first signal of next decisive moves.
Although 1 hour consolidation between 10936-10994 at lower levels last Wednesday but US markets led crashing like situation in all the Global markets and SGX Nifty ia also more than 125 points down therefore firstly sustaining beyond 10936 should be watched tomorrow for next decisive moves beginning confirmations because sentiment may remain extremely depressed tomorrow morning.