Rally continuation with new life time highest formation
Intra Day Chart Analysis & Market Outlook
(03-01-2020)
Nifty-Intra Day Chart (02-Jan-2020):- |
| Just click on chart for its enlarged view |
1- Whole day up moves with downward corrections
2- Whole day actual trading between 12196-12289
Conclusions from intra day chart analysis
Following lines were told yesterday in "Up moves towards next resistances":-
up moves are expected tomorrow towards next resistances(12265-12287)
As was told 100% same happened today and whole day up moves were seen towards next resistances(12265-12287) and Nifty closed today witin mentioned resistances at 12,282.20
As whole day up moves with intraday corrections and no selling patterns formations as well as today closing at life time highest therefore rally continuation will be seen with new life time highest formation tomorrow.