Level will confirm strong rally
Intra Day Chart Analysis & Market Outlook
(14-12-2017)
Nifty-Intra Day Chart (13-Dec-2017):-
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| Just click on chart for its enlarged view |
1- Mixed Patterns formation between 10214-10245
2- Mixed Patterns formation between 10275-10296
3- Mixed Patterns formation between 10170-10218
4- Whole day actual trading between 10170-10296
Conclusions from intra day chart analysis
As high intraday volatility with whole day Mixed Patterns formation therefore no conclusion can be formed only from today patterns formations.
Following lines were told yesterday in "Firstly watch levels for today started correction completion" and being repeated for today conclusion also:-
he 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
If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.