Watch levels amid a Pull Back Rally possibility
Intra Day Chart Analysis & Market Outlook
(18-09-2019)
Nifty-Intra Day Chart (17-Sep-2019):- |
| Just click on chart for its enlarged view |
1- Selling immediately after opening
2- Selling between 10901-10934
3- Last Hours Down moves in Bullish Falling Channel
4- Whole day actual trading between 10797-11000
Conclusions from intra day chart analysis
Following lines were told on 14-09-2019 in "Firstly watch 3 most crucial levels for next up Trend beginning confirmations":-
Short Term indicators have also turned over bought and Short Term correction can not be ruled out any day in next week.
Following 3rd support was updated on 14-09-2019 in "Firstly watch 3 most crucial levels for next up Trend beginning confirmations":-
3- 10817-10861
As Indian markets were overbought and negative development of Drone Attacks In Saudi Arab oil fields therefore Short Term correction was seen in last 2 sessions and Nifty closed exactly at 3rd support(10817.60) Today.
Although firstly selling but some buying was also seen in last hours today through Down moves in Bullish Falling Channel and Very Short Term indicators have also turned over sold therefore a Pull Back Rally can not be ruled out.
As finally next decisive moves will be seen after sustaining beyond 10747-10934 and firstly Nifty will prepare for it within this range tomorrow therefore should be watched in the coming sessions.