Levels will confirm the life of today started Pull Back Rally
Intra Day Chart Analysis & Market Outlook
(27-03-2018)
Nifty-Intra Day Chart (26-Mar-2018):-
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1- Down moves in Bullish Falling Channel
2- Up moves with intraday corrections
3- Sharp Jump
4- Up moves in Bearish Rising Channel
5- Whole day actual trading between 9959-10143
Conclusions from intra day chart analysis
As first 4 hours consolidation through down moves in Bullish Falling Channel and after that up moves with intraday corrections therefore after that sharp jump was seen.
Minor profit booking also developed in last hours through Up moves in Bearish Rising Channel therefore firstly Nifty has to preperae for next decisive moves within today trading range,
Following levels are most important which should be firstly watchd in the coming sessions for the life of today started Pull Back Rally:-
1- 10175(Long Term trend decider 200 Day SMA)
2- 10142-10164(Resistances)
3- 10177-10207(Resistances)
4- 10214-10224(Resistances)