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