9936 will confirm strong up moves towards 2nd resistance
Intra Day Chart Analysis & Market Outlook
(29-08-2017)
Nifty-Intra Day Chart (28-Aug-2017):-
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1- Consolidation between 9894-9925
2- Whole day actual trading between 9882-9925
Conclusions from intra day chart analysis
As most positive news of "Indo-China agreement of 'expeditious disengagement' of Doklam border dispute" therefore firstly gap up opening and after that more than 5 hours consolidation between 9894-9925 today which means that on going Pull Back rally continuation towards following resistances:-
1- 9910-9936
2- 10080-10130
Above resistances were updated on 23-08-2017 in "Strong indications of fresh rally after correction completion" and consolidation was seen within 1st resistance range today therefore expected that rally will remain continued towards 2nd resistance range but follow up consolidation is must and once sustaining above 9936 will mean strong up moves towards 2nd resistance(10080).