Pull Back Rally Expectations
Intra Day Chart Analysis & Market Outlook
(10-08-2017)
Nifty-Intra Day Chart (09-Aug-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9944-9969
2- Down moves in Bullish Falling Channel
3- Up moves with intraday corrections
4- Last 40 minutes slow down moves
5- Whole day actual trading between 9894-9969
Conclusions from intra day chart analysis
All 4 previous Outlooks are live proofs of this fact that we continuously told for corrections and more than 200 points correction was seen but Very Short Term Indicators have turned oversold after this correction and some consolidation patterns formations also developed today therefore Pull Back Rally is expected in the coming sessions. As some selling also at higher levels today therefore next decisive up moves will be considered after some more follow up consolidations and sustaining above today highest.