Follow up consolidation will mean fresh rally above 10500
Intra Day Chart Analysis & Market Outlook
(22-12-2017)
Nifty-Intra Day Chart (21-Dec-2017):-
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1- Down moves in Bullish Falling Channel
2- Consolidation Patterns formation between 10427-10458
3- Whole day actual trading between 10427-10473
Conclusions from intra day chart analysis
Following lines were told on 19-12-2017 in "Rally after Very Short Term correction":-
1- view will remin Bullish
2- Very Short Term correction can not be ruled out in the coming sessions
Very Short Term correction was seen in both previous sessions and today closing also near the lower levels of the day but whole day today trading was with consolidation Patterns formation therefore up moves are expected tomorrow. As some selling between 10490-10485 on 20-12-2017 therefore follow up consolidation tomorrow will mean fresh rally above 10500 in the coming week.