Pull back rally above today highest expectations
Intra Day Chart Analysis & Market Outlook
(12-03-2020)
Nifty-Intra Day Chart (11-Mar-2020):- |
| Just click on chart for its enlarged view |
1- Up moves with downward corrections
2- All the down moves in Bullish Falling Channels
3- Whole day actual trading between 10374-10545
Conclusions from intra day chart analysis
Although flat closing after whole day sideways trading between 10374-10545 but today intraday charts are suggesting whole day consolidation patterns formations through Up moves with downward corrections and all the down moves in Bullish Falling Channels therefore Pull back rally above today highest(10,545.10) is expected in the coming sessions despite Dow Jones now trading more than 900 points down and SGX Nifty below 10365.
Immediate Resistances between 10527-10590 were updated yesterday in "Firstly watch immediate good supports" and once sustaining above 10590 will mean strong rally towards mext resistances above 10900.