Fresh down moves beginning expectations
Intra Day Chart Analysis & Market Outlook
Nifty-Intra Day Chart (20-Apr-2018):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts
1- Selling Patterns formation between 10528-10522
2- Sharp up in last half hour
3- Whole day actual trading between 10528-10582
Conclusions from intra day chart analysis
As good quarterly results of TCS therefore whole day 4.80% strong rally of NIFTY IT and resultant sharp up in last half hour in Nifty and other Indices also.
Although last Friday Last Traded Price was at the top of the day but most time trading was with selling Patterns formation between 10528-10522 therefore expected that fresh down moves will be seen below last Friday(10528) lowest despite good quarterly results of HDFC Bank.
As per hour view finally Nifty has to move and sustain below 10000 and for this decisive down moves beginning will be seen any day.