11057 will confirm sharp fall
Nifty-Intra Day Chart Analysis &
Market Outlook(24-07-2020)
Nifty-Intra Day Chart (23-Jul-2020):- |
| Just click on chart for its enlarged view |
1- Up moves in Bearish Rising Channel
2- Selling between 11180-11239
3- Whole day actual trading between 11128-11239
Conclusions from intra day chart analysis
Following lines were told yesterday in "Follow up selling will mean sharp fall possibility":-
follow up selling tomorrow and sustaining below today lowest(11057) will mean emergence of sharp fall possibility therefore be cautious.
As follow up selling was seen firstly through Up moves in Bearish Rising Channel and after that selling between 11180-11239 today therefore sustaining below 11057 should be firstly watched tomorrow for sharp fall confirmations.