10894 will confirm more up moves
Nifty-Intra Day Chart Analysis &
Market Outlook(14-07-2020)
Nifty-Intra Day Chart Analysis(13-Jul-2020) |
| Just click on chart for its enlarged view |
1- Selling between 10850-10894
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 10757-10894
Conclusions from intra day chart analysis
Although firstly selling after strong opening and after that down moves were also seen till 02:30 PM but Down moves in Bullish Falling Channels therefore some supports were seen at lower levels.
As Dow Jones is now trading more than 500 points up and some supports at lower levels today therefore firstly up moves will be seen tomorrow. Short Term Indicators are Over bought and some selling at higher levels also today therefore sustaining above today highest(10894) will confirm more up moves which should be firstly watched tomorrow.