Possibility of rally continuation
Intra Day Chart Analysis & Market Outlook
(08-02-2017)
Nifty-Intra Day Chart (07-Feb-2017):-
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| Just click on chart for its enlarged view |
1- Consolidation between 8770-8809
2- Volatility in last hour
3- Whole day actual trading between 8742-8809
Conclusions from intra day chart analysis
Although last hour volatility after fat slipping but consolidation patterns formation in first 5 hours therefore strong possibility of rally continuation above day's highest and possibility of up moves above 9000 as well despite 0.32% negative closing today