On going rally continuation
Nifty-Intra Day Chart Analysis &
Market Outlook(10-11-2020)
Nifty-Intra Day Chart (09-Nov-2020):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Up moves with downward corrections
3- Whole day actual trading between 12368-12474
Conclusions from intra day chart analysis
Firstly huge gap up opening with new life time high formation and after that whole day consolidation through Down moves in Bullish Falling Channel and Up moves with downward corrections therefore on going rally will remain continued in the coming sessions.
As following Corona vaccine most positive news therefore Dow Jones and SGX Nifty are trading more than 4.5% up and more than 250 points up respectively hence rally continuation with huge gap up opening will be seen tomorrow.