Levels will confirm next
Short Term Trend
Short Term Trend
Intra Day Chart Analysis & Market Outlook
(31-12-2019)
Nifty-Intra Day Chart (30-Dec-2019):- |
| Just click on chart for its enlarged view |
1- Selling between 12265-12286
2- Consolidation between 12214-12240
3- Whole day actual trading between 12214-12286
Conclusions from intra day chart analysis
Following lines were told on 28-12-2019 in "Levels will confirm the life and size of on going previous week correction":-
Firstly sustaining beyond 12236-12293 should be watched in next week for next decisive moves beginning confirmations.
Although firstly selling(12265-12286) near the higher levels of above given range(12236-12293) but consolidation was also seen just below given range between 12214-12240 and today closing was also within given range at 12255.85 today therefore it will be understood that no one sided technical position formations and firstly Nifty has to trade and prepare for next decisive moves between 12214-12293 and finally sustaining beyond this range will confirm next Short Term Trend which should be firstly watched in the coming sessions.