Rally continuation after short term correction completion
Intra Day Chart Analysis & Market Outlook
(02-03-2017)
Nifty-Intra Day Chart (01-Mar-2017):-
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1- 70 Points up in first 20 minutes after strong opening
2- 5 Hours consolidation Patterns between 8927-8949
3- Whole day actual trading between 8910-8950
Conclusions from intra day chart analysis
As most Asian markets were trading positive after some consolidation yesterday therefore 70 Points up in first 20 minutes after strong opening. Although slipping from higher levels in last half hour but 5 hours good consolidation between 8927-8949 therefore rally continuation is expected after previous 3 sessions short term correction completion.