Strong indications of fresh rally after correction completion
Intra Day Chart Analysis & Market Outlook
(24-08-2017)
Nifty-Intra Day Chart (23-Aug-2017):-
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1- 5 Hours consolidation between 9787-9815
2- Strong rally in last hour
3- Whole day actual trading between 9787-9857
Conclusions from intra day chart analysis
As good consolidation below 9815 today and yesterday therefore strong recovery from lower levels and today closing near the higher levels of the day. Certainly correction is on and no confirmation of its completion yet but good consolidation between 9750-9815 in last 2 sessioons therefore strong indications of correction completion today and sustaining above following resistances should be watched in the coming sessions for fresh rally after correction completion:-
1- 9910-9936
2- 10080-10130