Follow up selling tomorrow will mean huge fall possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(01-07-2020)
Nifty-Intra Day Chart Analysis(01-Jun-2020) |
| Just click on chart for its enlarged view |
1- Selling between 10353-10401(Immediate Resistances)
2- Sharp fall
3- Sideways trading in last hour between 10268-10320
4- Whole day actual trading between 10268-10401
Conclusions from intra day chart analysis
Following lines were told yesterday in "Up moves towards following next resistances":-
up moves are expected above today highest and towards following next resistances:-
1- 10402-10426
2- 10596-10553
As was told 100% same happened and Up moves were seen towards first resistances(10402-10426) and today highest was just below it at 10401.05.
As firstly good selling therefore sharp fall was seen after 02:00 PM and more down moves are expected tomorrow.
Sideways trading was seen in last hour between 10268-10320 and next supports are just below it between 10224-10276 hence Nifty will firstly trade and prepare for next decisive moves between and near about 10224-10320 tomorrow.
As higher levels good selling today and follow up selling tomorrow will mean emergence of huge fall possibility,its confirmation will be after sustaining below 10224