Finally rally above 9200 after 2/3 sessions follow up consolidation
Intra Day Chart Analysis & Market Outlook
(22-03-2017)
Nifty-Intra Day Chart (21-Mar-2017):-
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| Just click on chart for its enlarged view |
1- 4 Hours Down moves in Bullish Falling Channel
2- Consolidation between 9088-9108
3- Whole day actual trading between 9088-9147
Conclusions from intra day chart analysis
Although most time negative zone trading with little down closing but lower levels good consolidation after 4 hours Down moves in Bullish Falling Channel therefore it will be understood that Indian markets are in consolidation phase and resultant finally rally will be seen above 9200 after 2/3 sessions follow up consolidation despite now SGX Nifty trading 45 points down after 175 slipping of Dow Jones today.