Just watch levels also amid fresh rally beginning possibiilities
Intra Day Chart Analysis & Market Outlook
(01-11-2017)
Nifty-Intra Day Chart (31-Oct-2017):-
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1- Down moves in Bullish Falling Channel
2- Up moves with intraday corrections
3- Volatility in last hour
4- Whole day actual trading between 10324-10367
Conclusions from intra day chart analysis
Following lines were told yesterday in "Short Term correction beginning confirmation from levels":-
emergence of Short Term correction possibilities and its beginning confirmation will be sustaining below 10339 which should be firstly watched tomorrow.
Emergence of Short Term correction possibilities was told yesterday and today Red closing was seen just below 10339 at 10335.30 after whole day negative zone trading.
As follow up selling was not seen and consolidation also developed through Down moves in Bullish Falling Channel and Up moves with intraday corrections today therefore signals of some up moves above today highest(10367.70) in the coming sessions.
Last 3 sessions trading near life time higher levels between 10312-10384 with both consolidation and selling therefore its valid break out should be firstly watched in the coming sessions amid fresh rally beginning possibiilities above life time highest because good intraday consolidation today.