Finally more down moves amid a very short term Pull Back Rally possibility
Intra Day Chart Analysis & Market Outlook
(27-12-2019)
Nifty-Intra Day Chart (26-Dec-2019):-(27-12-2019)
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1- Whole day down moves with upward corrections
2- Whole day actual trading between 12119-12221
Conclusions from intra day chart analysis
Following lines were told on 25-12-2019 in "Down moves continuation expectations":-
down moves continuation is expected in the coming sessions.
As today closing was at lowest of the day after whole day down moves therefore a very short term Pull Back Rally may be seen because Very short term indicators have turned over sold but finally more down moves below today lowest are expected because lower levels consolidation patterns formations have not been seen yet.