Correction continuation expectations after follow up selling
Intra Day Chart Analysis & Market Outlook
Nifty-Intra Day Chart (25-Apr-2018):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts
1- Selling between 10577-10612
2- Support between 10537-10559
3- Whole day actual trading between 10537-10612
Conclusions from intra day chart analysis
As firstly more than 4 hours selling between 10577-10612 therefore slipping from higher levels but not with force and some supports also seen at lower levels.
Last 3 sessions selling between 10577-10638 and this range will be immediate resistance of Nifty but some supports are lying above 10450 therefore follow up selling is firstly required for decisive down moves. Expected that finally correction will remain continued after follow up selling in the coming sessions.