Market is well prepared for strong rally
Intra Day Chart Analysis & Market Outlook
(04-10-2017)
Nifty-Intra Day Chart (03-Oct-2017):-
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1- Whole day sideways traing with consolidation Patterns formation between 9832-9871
2- Whole day actual trading between 9832-9871
Conclusions from intra day chart analysis
As strong global cues therefore firstly gap up opening and after that whole day positive zone sideways traing with consolidation Patterns formation between 9832-9871 today means on going rally continuation above 9871.
Some resistances are lying below 9888 and once follow up consolidation with sustaining above it tomorrow will mean strong rally towards and above 10000. Although RBI credit Policy tomorrow but Indian markets are well prepared for strong rally and posiitve surprise from it will mean fresh more than 100 points strong rally tomorrow.