Strong rally after BJP victory in Gujarat Election
Intra Day Chart Analysis & Market Outlook
(18-12-2017)
Nifty-Intra Day Chart (15-Dec-2017):-
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| Just click on chart for its enlarged view |
1- Whole day all the down moves in Bullish Falling Channels
2- Whole day actual trading between 10320-10373
Conclusions from intra day chart analysis
Although huge gap up opening and closing near the lower levels of the day after continuous slipping but view will be Bullish because whole day all the down moves were in Bullish Falling Channels.
As there may be some uncertainity due to Gujarat assembly election results therefore some volatility can not be ruled out in first 3 hours but expected that finally strong rally will be seen after BJP victory(more than 130 seats) in Election.