Finally levels will confirm next trend
Intra Day Chart Analysis & Market Outlook
(20-11-2019)
Nifty-Intra Day Chart (19-Nov-2019):- |
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1- Consolidation between 11881-11900
2- Selling Patterns formation between 11918-11944
3- Sharp up moves in last half hour
4- Whole day actual trading between 11881-11958
Conclusions from intra day chart analysis
Although today closing was near the higher levels of the day after sharp up moves in last half hour nad some consolidation also between 11881-11900 in first hour but more than 3 hours selling Patterns formation was seen between 11918-11944 in Mid-Session therefore today trading will be understood with Mixed Patterns formation between 11881-11958.
As whole day today trading was with Mixed Patterns formation therefore firstly Nifty has to trade and prepare for next decisive moves within this range(11881-11958) and finally sustaining beyond or forceful break out of this range will confirm next trend which should firstly watched in the coming sessions.