Follow up consolidation firstly required fresh decisive rally
Intra Day Chart Analysis & Market Outlook
(22-06-2017)
Nifty-Intra Day Chart (21-Jun-2017):-
 |
| Just click on chart for its enlarged view |
1- More than 4 hours trading with Mixed Patterns formations between 9609-9626
2- Strong recovery from lower levels
3- Whole day actual trading between 9609-9648
Conclusions from intra day chart analysis
Although strong recovery from lower levels after 02:00 PM but before that more than 4 hours trading with Mixed Patterns formations between 9609-9626 therefore sustaining above 9629 is must and once confirmation of sustaining above it will mean strong indication of fresh rally beginning above 9686 because consolidation was seen between 9615-9629 on 19-06-2017 also.
As last 18 sessions sideways trading within 125 points between 9561-9686 with following higher levels resistances therefore follow up consolidation is also firstly required fresh decisive rally above 9686:-
1- 9665-9676
2- 9676-9686
At present more or less same view which is being updated for the last many Outlooks that finally sustaining beyond 9561-9686 will confirm next trend and that should be firstly watched.