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Nifty Futures Intraday Chart

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
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NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis Technical Indicators Beyond Technical Analysis Technical Analysis niftyfutures
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trendanalysis indicator beyondta technicalanalysis niftyfutures
The price shows a downtrend with a series of 6 red HA candles. But the body of the 6th candle fits in the previous one. Which indicates a cool off or a consolidation.

Consolidation range : 19500 to 19560
All major moving averages are negative (-ve)
The breakout of 19560 extends the upper range to 19600//19625
The breakdown of 19500 extends the downside range to 19410

Thanks
Er. Simranjit Singh Virdi

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

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