Up Moves Expectations
Intra Day Chart Analysis & Market Outlook
(05-08-2016)
Nifty-Intra Day Chart (04-Aug-2016):-
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| Just click on chart for its enlarged view |
1- Consolidation between 8518-8541
2- Whole day actual trading between 8518-8589
Conclusions from intra day chart analysis
Although slipping 81 points within first 18 minutes but lower levels consolidation patterns formations also therefore up moves are expected in the coming sessions. As whole day intraday consolidation pattern formations yesterday also therefore strong signals of last Monday started correction completion as well as high possibility of rally continuation above the top(8711.30) of on going rally.