Up moves towards following next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(30-06-2020)
Nifty-Intra Day Chart Analysis(29-Jun-2020) |
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1- Consolidation between 10224-10276
3- Whole day actual trading between 10224-10337
Conclusions from intra day chart analysis
Following conclusive lines were told at 11:13 PM on 26-06-2020 in "Short Term correction continuation towards next supports":-
expected that Short Term correction will remain continued towards following next supports in next week.
Next supports of Nifty are as follows:-
1- 10312-10340
2- 10210-10244
3- 10082-10133
4- 9866-9922
As was told 100% same happened and correction remained continued towards 2nd supports range(10210-10244) at 10312.40 as well as Nifty closed 70.60% down today.
Although whole day sideways trading was seen with lower consolidation also between 10224-10276 therefore up moves are expected above today highest and towards following next resistances:-
1- 10402-10426
2- 10596-10553
As last 6 sessions trading between 10195-10553 with lower levels supports and higher levels selling within this range therefore expected that Nifty will remain sideways within this range and prepare for next big moves in the coming sessions. Let it happen and get Nifty prepared then will be understood and updated according to intraday patterns formations of the coming sessions.