Emergence of fresh rally beginning expectations
Intra Day Chart Analysis & Market Outlook
(25-06-2019)
Nifty-Intra Day Chart (24-Jun-2019):- |
| Just click on chart for its enlarged view |
1- Sharp fall after positive opening
2- Consolidation between 11688-12715
3- Down moves in Bullish Falling Channels
4- Whole day actual trading between 11671-11754
Conclusions from intra day chart analysis
Although firstly sharp fall after positive opening and after that most time negative zone trading also but lower levels good consolidation patterns formations were seen today therefore it seems that Indian markets have statered consolidation process and emergence of fresh rally beginning expectations.
As good selling at higher levels in the last 24 sessions also therefore follow up consolidation in the coming 2/3 sessions will mean decisive up moves towards and above last Saturday updated next resistances.