Rally continuation expectations after fresh follow up consolidation
Intra Day Chart Analysis & Market Outlook
(12-06-2017)
Nifty-Intra Day Chart (09-Jun-2017):-
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| Just click on chart for its enlarged view |
1- Consolidation between 9609-9636
2- Good up moves in last hours
3- Whole day actual trading between 9609-9676
Conclusions from intra day chart analysis
As firstly more than 4 hours consolidation and good up moves in last hours therefore more up moves are expected in the beginning of next week but sufficiently strong resistances are also lying between 9667-9686 and follow up consolidation is also required for fresh rally above life time high(9709).
Expected that finally rally will remain continued after fresh follow up consolidation in the coming weeks.