Firstly watch 11057
Nifty-Intra Day Chart Analysis &
Market Outlook(31-07-2020)
Nifty-Intra Day Chart (30-Jul-2020):-
Technical Patterns formation in today intraday charts
1- Selling between 11247-11299(Immediate Resistances)
2- Down moves with upward corrections
3- Whole day actual trading between 11085-11299
Conclusions from intra day chart analysis
Selling was seen between 11244-11341 yesterday and follow up selling within this range between 11247-11299 today therefore 11244-11341 will be immediate resistances of Nifty and until nifty will not sustain above 11341 after complete consolidation till then next up moves will not be seen previous multiple resistances were lying above 11244 also.
As above mentioned selling therefore down moves were seen in last 3 hours which were with upward corrections therefore more down moves are expected tomorrow also.
As good supports are above 11057 therefore we are continuously telling its importance and once sustaining below it will mean deeper correction which should be firstly watched in the coming sessions for its confirmations.