September 21, 2015

NIFTY futures intraday charts

- on intraday charts, today's moved looks like a corrective rally to Friday's fall
- this means high chances that markets will resume their down trend.
- today there was only one meaningful long trade which gave small profits
- of course, anyone buying with SL at day's low and exiting at market close would have earned good profits

On hourly charts, rally is a channelled move meaning corrective.

So expect downsides only if today's low breaks. Here correction to 7750 F is possible.

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