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Last 4 sessions Sideways Market require confirmations from Valid Break out
Intra Day Chart Analysis & Market Outlook
(05-01-2017)
Nifty-Intra Day Chart (04-Jan-2017):-

Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Whole day all the Down moves in Bullish Falling Channels
2- Whole day actual trading between 8181-8218

Conclusions from intra day chart analysis 

Although flat closing near the lower levels of the day after slipping from higher levels but whole day all the Down moves in Bullish Falling Channels which are consolidation patterns therefore emergence of fresh up moves expectations today.

Last 4 sessions sideways trading between 8134-8218 with selling patterns formations in previous 3 sessions and good consolidation today therefore mixed patterns formations will be understood and Nifty has to prepare for next decisive moves within and near about this range.

Let Nifty prepare for next trend beyond this range then will be updated according to intraday charts patterns formations and till then valid break of last 4 sessions trading range should be watched for next decisive moves confirmations.
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