Next Gap supports will decide the life of today started correction
Nifty-Intra Day Chart Analysis &
Market Outlook(09-07-2020)
Nifty-Intra Day Chart Analysis(08-Jul-2020) |
| Just click on chart for its enlarged view |
1- Selling between 10807-10847
2- Sharp fall in last hour
3- Whole day actual trading between 10677-10847
Conclusions from intra day chart analysis
Rally continuation was expected and it was seen also today but when Nifty was trading at 10820 then we saw some selling indications therefore told following lines at 02:25 PM today in"Mid-session Outlook(08-07-2020)":-
some selling indications developed today therefore firstly sustaining beyond today trading range of at this time(10766-10847) should be watched now for next moves confirmations.
As sharp fall in last hour after higher levels selling and got support within next Gap supports range(10632-10695) and closed just above it therefore firstly sustaining beyond this supports range should be watched tomorrow for the life of today started correction.