Finally rally continuation after fresh consolidation
Intra Day Chart Analysis & Market Outlook
(12-07-2017)
Nifty-Intra Day Chart (11-Jul-2017):-
 |
| Just click on chart for its enlarged view |
1- Up moves in Bearish Rising Channel
2- Selling between 9815-9830
3- sharp down in last hour
4- Whole day actual trading between 9779-9830
Conclusions from intra day chart analysis
Although Green closing after whole day positive zone trading but sufficiently good intraday selling was seen therefore only very Short Term correction will be considered and until complete follow up selling will not develop in the coming sessions till then decisive down moves will not be seen.
As rally is very much on and such today like corrections are a part of Bull markets therefore expected that finally rally will remain continued after fresh consolidation within next 2/3 sessions.