Happy Republic Day
Rally Continuation above 8600
Intra Day Chart Analysis & Market Outlook
(27-01-2017)
Nifty-Intra Day Chart (25-Jan-2017):-
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| Just click on chart for its enlarged view |
1- Whle day up moves with intraday consolidation
2- Whole day actual trading between 8494-8612
Conclusions from intra day chart analysis
As whole day up moves after positive opening with intraday consolidation also therefore rally continuation is expected above 8600 but short Term Indicators have turned over bought today after last 3 sessions rally therefore minor correction for consolidation can not be ruled out any day but finally rally continuation will be seen because until complete selling patterns on EOD charts will not develop till then decisive down moves will not be seen.