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Finally Rally Continuation after Very Short Term Correction 
Intra Day Chart Analysis & Market Outlook
(29-05-2017)

Nifty-Intra Day Chart (26-May-2017):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Whole day up moves with intraday corrections
2- Minor selling patterns at higher levels
3- Whole day actual trading between 9495-9604

Conclusions from intra day chart analysis 

Although Nifty closed negative below all the immediate supports on 24-05-2017 but we told following lines on 24-05-2017 in "Pull Back Rally possibility":-

1- view will not be Bearish despite today closing near the lower levels of the day. 
2- Pull Back Rally may be seen any day in this week

As was told 100% same happened and strong rally was seen in next 2 sessions after 24-05-2017. 

As last 2 sessions rally with intraday corrections therefore finally rally continuation is expected but Very Short Term Correction can not be ruled out because minor selling patterns formations at higher levels last Friday and Very Short Term indicators have also turned Overbought after last 2 sessions strong rally.  

It should be kept in mind that until complete selling patterns will not develop till then decisive down moves will not be seen and follow up consolidation in the beginning of next week will mean Rally continuation towards 10,000.
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