Firstly watch levels for today started correction completion
Intra Day Chart Analysis & Market Outlook
(13-12-2017)
Nifty-Intra Day Chart (12-Dec-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 10284-10300
2- Selling between 10256-10282
3- Whole day actual trading between 10231-10300
Conclusions from intra day chart analysis
Following lines were told yesterday in "Rally after follow up consolidation":-
1- Expected that rally will remain continued but
2- follow up consolidation is must
3- Very Short Correction also can not be ruled out
Very Short Correction was told and it was seen today and follow up consolidation could not develop as well as today closing was near the lower levels of the day after fresh selling.
The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-
1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146
Firstly above levels should be watched for today started correction completion.