Rally Continuation
Intra Day Chart Analysis & Market Outlook
(11-01-2017)
Nifty-Intra Day Chart (10-Jan-2017):-Just click on chart for its enlarged view |
1- Consolidation between 8261-8271
2- Consolidation between 8272-8282
3- Whole day actual trading between 8261-8293
Conclusions from intra day chart analysis
Following conclusive lines were told yesterday in "Finally Rally after Follow up Consolidation":-
1- Although today closing with minor losses but whole day consolidation was seen through Down moves in Bullish Falling Channels therefore it seems that Indian markets are in consolidation phase because good consolidation was seen last Friday also.
As follow up consolidation was seen today and Indian markets are in consolidation phase therefore same Bullish view which has already been updated as above yesterday.