Rally continuation above 9000
Intra Day Chart Analysis & Market Outlook
(10-03-2017)
Nifty-Intra Day Chart (09-Mar-2017):-
 |
| Just click on chart for its enlarged view |
1- Consolidation between 8906-8930
2- Up moves with intraday corrections
3- Whole day actual trading between 8900-8945
Conclusions from intra day chart analysis
As all the Global markets were much down therefore weaker opening today but whole day good consolidation between 4 hours sideways market and after that up moves with intraday corrections therefore rally continuation is expected. Last 12 sessions sideways trading between 8860-8993 with good consolidation patterns formations and follow up consolidation was seen today also therefore high possibilities of rally above 9000 in the coming sessions.