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Rally Continuation
Intra Day Chart Analysis & Market Outlook
(11-01-2017)
Nifty-Intra Day Chart (10-Jan-2017):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Consolidation between 8261-8271
2- Consolidation between 8272-8282
3- Whole day actual trading between 8261-8293

Conclusions from intra day chart analysis 

Following conclusive lines were told yesterday in "Finally Rally after Follow up Consolidation":-

1- Although today closing with minor losses but whole day consolidation was seen through Down moves in Bullish Falling Channels therefore it seems that Indian markets are in consolidation phase because good consolidation was seen last Friday also.
2- As consolidation is on therefore expected that finally rally will be seen above the top(8306) of on going rally after follow up consolidation in the coming 2/3 sessions.

As follow up consolidation was seen today and  Indian markets are in consolidation phase therefore same Bullish view which has already been updated as above yesterday.
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