On going rally continuation expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(28-12-2023)
Nifty-Intra Day Chart (27-Dec-2023):-
Technical Patterns formation in today intraday charts
1- Consolidation between 21512-21599
2- Sharp up
3- Whole day actual trading between 21496-21675
Conclusions from intra day chart analysis
As more than 6 hours fresh consolidation after gap up opening therefore sharp up moves were seen in last half hour and on going rally continuation is expected because intraday selling patterns were not seen today.