Rally Continuation after Very Short Term Correction completion
Intra Day Chart Analysis & Market Outlook
(11-05-2017)
Nifty-Intra Day Chart (10-May-2017):-
 |
| Just click on chart for its enlarged view |
1- Up moves after opening
2- Consolidation between 9374-9392
3- Slow up moves in last hour
4- Whole day actual trading between 9336-9414
Conclusions from intra day chart analysis
As IMD forecast of better Mansoon yesterday evening therefore firstly up moves after positive opening and after that consolidation also between 9374-9392 but after that slow up moves in last hour therefore rally continuation is expected after Very Short Term Correction completion and until Nifty will not sustain below 9374 after complete selling till then decisive down moves will not be seen.