10139 Will confirm decisive up moves
Intra Day Chart Analysis & Market Outlook
(11-06-2020)
Nifty-Intra Day Chart (10-Jun-2020):-
Technical Patterns formation in today intraday charts
1- Support between 10037-10066
2- Selling between 10088-10139
3- Support between 10054-10080
4- Whole day actual trading between 10037-10148
Conclusions from intra day chart analysis
Although today closing was near the higher levels of the day after sharp up moves in last half hour but good selling at higher levels today therefore sustaining above 10139 is must for up moves continuation towards next resistances between 10234-10328. As some supports was also seen at lower levels between 10037-10080 today therefore until fresh selling will not develop till then Nifty will not sustain below 10037.
When the European markets were trading in Red and Dow Jones's Futures was also trading more than 100 points down then Nifty out perfrmed and closed 0.69% up therefore if Nifty sustains above 10139 after fresh consolidation then decisive up moves will be seen.