Just watch next supports amid down moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(20-08-2020)
Nifty-Intra Day Chart (19-Aug-2020):-
Technical Patterns formation in today intraday charts
1- Selling between 11425-11460(Immediate Resistances)
2- Down moves in last hour
3- Whole day actual trading between 11395-11460
Conclusions from intra day chart analysis
Although whole day positive zone trading after gap up opening but good selling between 11425-11460 therefore it will be immediate resistances of Nifty and Until Nifty will not sustain above 11460 after complete consolidation till then decisive up moves will not be seen.
Once sustaining below today lowest will mean(11395) down moves towards following next supports:-
1- 11367-11380
2- 11296-11320
Just watch above next supports amid down moves expectations below today lowest(11395)