Down moves continuation expectations
Intra Day Chart Analysis & Market Outlook
(26-12-2019)
Nifty-Intra Day Chart (24-Dec-2019):- |
| Just click on chart for its enlarged view |
1- Selling between 12236-12283
2- Down moves in last hour
3- Whole day actual trading between 12203-12283
Conclusions from intra day chart analysis
Following lines were told on 23-12-2019 in "Firstly watch levels for next trend confirmations":-
1- last 2 Sessions trading between 12214-12293
2- firstly Nifty will trade and prepare for next decisive moves within and near about this range tomorrow
3- finally sustaining beyond this range will confirm next trend which should be firstly watched in the coming sessions.
Nifty traded more than 5 hours within mentioned range(12214-12293) with follow up selling between 12236-12283 last Tuesday and closed also below this range after slipping in last hour therefore down moves continuation is expected in the coming sessions.