Finally rally after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(27-03-2017)
Nifty-Intra Day Chart (24-Mar-2017):-
 |
| Just click on chart for its enlarged view |
1- Sharp up after positive opening
2- 5 Hours trading with Mixed Patterns formations between 9108-9133
3- Sharp down fron higher levels
4- Down moves in Bullish Falling Channel in last half hour
5- Whole day actual trading between 9090-9133
Conclusions from intra day chart analysis
Although 5 hours trading with Mixed Patterns formations and sharp up with sharp down also but Down moves in Bullish Falling Channel in last half hour therefore view will not be Bearish despite closing near the lower levels of the day because consolidation patterns were also seen. Still expected that finally rally will be seen after follow up consolidation within last 9 sessions trading range(9020-9186)