Finally correction after fresh selling in the coming 1/2 selling
Nifty-Intra Day Chart Analysis &
Market Outlook(15-07-2020)
Nifty-Intra Day Chart Analysis(14-Jul-2020) |
| Just click on chart for its enlarged view |
1- Selling between 10700-10741
2- Selling between 10622-10667
3- Down moves in Bullish Falling Channel
4- Sideways trading between 10595-10642
5- Whole day actual trading between 10563-10755
Conclusions from intra day chart analysis
As all the Asian markets were weak after US markets sharp fall from higher levels therefore Indian markets slipped sharply after minor gap down opening and selling was seen in first 3 hours. Some supports was also seen at lower levels after some consolidation through Down moves in Bullish Falling Channel and sideways trading was seen in last 2 hours between 10595-10642 therefore Firstly Nifty will trade and prepare for next moves between and near about 10563-10642 tomorrow.
Next supports below today lowest are as follows:-
1- 10498-10535
2- 10400-10447
3- 10299-10358
4- 10224-10320
5- 10082-10133
6- 9866-9922
Expected that finally correction will be seen below today lowest(10563) and towards above supports after fresh selling in the coming 1/2 selling.