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Rally Continuation amid US Markets weakness led High Volatility 
Intra Day Chart Analysis & Market Outlook
(13-01-2017)

Nifty-Intra Day Chart (12-Jan-2017):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Consolidation between 8383-8398
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 8383-8417

Conclusions from intra day chart analysis 

As whole good inraday consolidation therefore rally continuation is expected but high volatility can not be ruled out tomorrow because US markets are in crashing like situation and Dow Jones slipped more than 160 points within first hour of today trading due to President Donald Trump led negative news.

Although some down moves can not be ruled out amid US markets led weakness but expected that finally Nifty will move up after fresh consolidation between 8323-8417.
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