Emergence of Pull Back Rally beginning Expectations
Intra Day Chart Analysis & Market Outlook
(24-11-2016)
Nifty-Intra Day Chart (23-Nov-2016):-
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1- Consolidation between 7974-7999
2- Consolidation between 8001-8020
3- Selling patterns formation between 8038-8055
4- Whole day actual trading between 7974-8055
Conclusions from intra day chart analysis
As follow up consolidation today after lower levels consolidation yesterday therefore emergence of Pull Back Rally beginning expectations but some more consolidation is firstly required tomorrow for sustaining above today highest because minor selling at higher levels of the day today.