Finally rally continuation after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(19-09-2017)
Nifty-Intra Day Chart (18-Sep-2017):-
 |
| Just click on chart for its enlarged view |
1- Mixed Patterns formation between 10147-10171
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Minor selling at higher levels
5- Last hour Down moves in Bullish Falling Channel
6- Whole day actual trading between 10132-10171
Conclusions from intra day chart analysis
Firstly gap up opening with new life time high formation in first minute today and after that whole day sideways trading with Mixed Patterns formation between 10147-10171 therefore some follow up consolidation is firstly required within today trading range tomorrow.
As sufficiently good consolidation despite minor selling therefore expected that finally on going rally will remain continued after follow up consolidation and cooling down of heated sentiment.