Sideways market expectations
Intra Day Chart Analysis & Market Outlook
(22-08-2019)
Nifty-Intra Day Chart (21-Aug-2019):- |
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1- Selling between 10988-11034
2- Selling between 10965-10982
3- Down moves in Bullish Falling Channel
4- Support between 10907-10924
5- Whole day actual trading between 10907-11034
Conclusions from intra day chart analysis
As firstly good selling after opening and follow up selling in Mid-session also therefore whole day down moves. Some consolidation in last hours and supports getting at lower levels as well as following supports below today lowest therefore firstly some up moves are expected towards 10965 tomorrow:-
1- Supports between 10845-10898
2- Supports between 10784-10826
Immediate supports are above 10845 and immediate resistances are lying below 10965 therefore firstly sideways market is expected tomorrow between 10845-10965 and finally 10784-11034 will confirm next decisive moves