Finally rally continuation above life time highest
Intra Day Chart Analysis & Market Outlook
(20-09-2017)
Nifty-Intra Day Chart (19-Sep-2017):-
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| Just click on chart for its enlarged view |
1- Consolidation Patterns formation between 10130-10049
2- Minor selling Patterns formation at higher levels
3- Whole day actual trading between 10130-10164
Conclusions from intra day chart analysis
Following lines were told yesterday in "Finally rally continuation after follow up consolidation":-
some follow up consolidation is firstly required within today trading range tomorrow.
Whole day actual trading was between 10132-10171 yesterday and almost whole day today trading was also within yesterday trading range with lower levels good consolidation Patterns formation therefore expected that finally rally will remain continued above life time highest(10178.95) but follow up consolidation is also firstly required because some selling was also seen at higher levels in both previous sessions.