Up moves continuation expectations
Intra Day Chart Analysis & Market Outlook
(30-03-2017)
Nifty-Intra Day Chart (29-Mar-2017):-
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1- 5 Hours sideways trading within 30 points between 9110-9140
1- Consolidation between 9110-9124
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 9110-9153
Conclusions from intra day chart analysis
Firstly 5 hours sideways trading within 30 points between 9110-9140 with lower levels consolidation and slipping from higher levels also which were due to oppositions parties arguments during GST debate in Lok Sabha. As Down moves were in Bullish Falling Channels therefore up moves were seen in last hour and its continuation is also expected.