Watch levels amid up moves expectation
Intra Day Chart Analysis & Market Outlook
(30-01-2020)
Nifty-Intra Day Chart (29-Jan-2020):- |
| Just click on chart for its enlarged view |
1- Up moves with corrections
2- Down moves in Bullish Falling Channel
3- Selling between 12125-12169
4- Volatility in Mid Session
5- Support between 12113-12137
6- Whole day actual trading between 12104-12169
Conclusions from intra day chart analysis
Although firstly some consolidation through Up moves with corrections and Down moves in Bullish Falling Channel but higher levels selling also between 12125-12169 therefore down moves and Volatility was seen in Mid Session.
As some supports was also seen in last hour between 12113-12137 therefore whole day trading will be understood with Mixed Patterns formation between 12104-12169 and firstly sustaining it beyond should be watched for next decisive moves beginning amid up moves expectation after fresh consolidation.