Finally on going rally continuation
Intra Day Chart Analysis & Market Outlook
(27-12-2017)
Nifty-Intra Day Chart (26-Dec-2017):-
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| Just click on chart for its enlarged view |
1- Consolidation between 10478-10506
2- Sharp up in last half hour
3- Whole day actual trading between 10478-10545
Conclusions from intra day chart analysis
Following lines were told on 21-12-2017 in "Follow up consolidation will mean fresh rally above 10500":-
1- up moves are expected tomorrow
2- fresh rally above 10500 in the coming week
As was told 100% same happened and up moves were seen on 22-12-2017 and fresh rally above 10500 was also seen today.
As follow up consolidation last Friday and more than 5 hours between 10478-10506 today also therefore finally on going rally continuation is expected in the coming sessions. Very Short term indicators have turned over bought therefore intraday volatility and Very Short term correction can not be ruled but until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.