up moves towards next resistances
Nifty-Intra Day Chart Analysis & Market Outlook
(16-06-2020)
Nifty-Intra Day Chart Analysis(16-06-2020) |
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1- Down moves in Bullish Falling Channel
2- Up moves with downward corrections
3- Whole day actual trading between 9727-9943
Conclusions from intra day chart analysis
Indian markets danced on Dow Jones's Futures tunes today in this manner that at the time of Indian markets opening Dow Jones's Futures was trading more than 300 points down therefore weaker opening on Indian markets was seen.
When Dow Jones's Futures started to slip traded more than 900 points down then fall was seen in Indian markets also. As soon as up moves started in Dow Jones's Futures and was trading motr than 500 pointd down at the time of Indian markets closing then some up moves were seen in Indian markets also.
As consolidation was seen firstly through Down moves in Bullish Falling Channel and after that Up moves with downward corrections therefore some up moves are expected towards next resistances(9954-9996) in the coming session.