Down moves expectations
Intra Day Chart Analysis & Market Outlook
(22-11-2019)
Nifty-Intra Day Chart (21-Nov-2019):-
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| Just click on chart for its enlarged view |
1- Selling between 11986-12028
2- Selling between 11987-12005
3- Up moves in Bearish Rising Channel
4- Whole day actual trading between 11957-12028
Conclusions from intra day chart analysis
As follow up selling today after yesterday selling and consolidation was not seen today therefore down moves are expected towards next supports(11881-11900) but sustaining below 11966 should also be watched for confirmations because some consolidation was seen above it yesterday and Nifty could not slip below it today.