Levels will confirm next targets
Intra Day Chart Analysis & Market Outlook
(14-05-2020)
Nifty-Intra Day Chart (13-May-2020):- |
| Just click on chart for its enlarged view |
1- 232 Points fall in first half hour after after 387 points gap up opening
2- Sideways trading between 9352-9426 in last 6 hours
3- Whole day actual trading between 9352-9584
Conclusions from intra day chart analysis
Although firstly 387 points gap up opening after PM Modi ji 20 Lac Crore package yesterday but not sustaining at higher levels 232 Points sharp fall was seen in first half hour.
As sideways trading between 9352-9426 in last 6 hours and one sided clear patterns formations were not seen within it therefore firstly sustaining it beyond should be watched tomorrow for following next targets confirmations:-
1- Next supports below 9352 are between 9044-9146
2- Next resistances above 9426 are between 9850-9889