Levels will confirm next decisive moves after US-China trade deal
Intra Day Chart Analysis & Market Outlook
(16-01-2020)
Nifty-Intra Day Chart (15-Jan-2020):- |
| Just click on chart for its enlarged view |
1- Slipping 32 points in first 15 seconds
2- Down moves in first hour
3- Support between 12279-12310
4- Sharp up in last half hour
5- Whole day actual trading between 12279-12355
Conclusions from intra day chart analysis
Although news today morning regarding US-China set to sign phase one of trade deal and easing of trade war but Dow Jones Futures was more than 50 points down and all the Asian markets were also trading weak therefore Nifty slipped 32 points in first 15 seconds and after that down moves remain continued in 1st hour.
As some supports at lower levels and US-China trade deal signing expectations therefore sharp up moves were seen in last half hour despite.
Although US and China has signed phase one trade deal but whole day today trading was volatile and affected from US-China trade deal led sentiments therefore firstly sustaining beyond 12279-12355 should be watched tomorrow for next decisive moves after trade deal actual impact on Indian industry and Stock Markets.