Levels will confirm next moves
Intra Day Chart Analysis & Market Outlook
(11-09-2019)
Nifty-Intra Day Chart (09-Sep-2019):- |
| Just click on chart for its enlarged view |
1- Sharp up after weaker opening
2- More than 4 hours Up moves in Bearish Rising Channel
3- Slipping from higher levels
4- Last Hour trading with Mixed Patterns formation
5- Whole day actual trading between 10890-11028
Conclusions from intra day chart analysis
As good consolidation between 10868-10904 on 06-09-2019 therefore not slipping below it after weaker opening and sharp up moves were seen after getting supports within it last Monday.
Nifty traded more than 4 hours with Up moves in Bearish Rising Channel which is first indication of fresh selling therefore Nifty slipped from higher levels but last Hour trading was with Mixed Patterns formations also hence more than 5 hours trading of last Monday will be understood with Mixed Patterns formation between 10967-11028 and firstly valid break out of this range should be watched tomorrow for:-
1- Above 11028 will mean up moves continuation towards next resistances between 11100-11141
2- Below 10967 will mean fresh down moves beginning towards next supports between 10868-10904