Finally rally continuation after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(31-01-2018)
Nifty-Intra Day Chart (30-Jan-2018):-
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1- Minor selling after weak opening
2- Sharp fall
3- More than 5 hours trading with consolidation indications between 11034-11067
4- Whole day actual trading between 11034-11098
Conclusions from intra day chart analysis
Following lines were told yesterday in "Rally continuation expectations towards 11413.85 after follow up consolidation":-
1- Very Short Term correction will be considered for tomorrow.
2- finally on going rally continuation is expected towards 11413.85 after 1/2 sessions follow up consolidation.
Correction was seen today after weaker opening and 0.73% down closing but lower levels some consolidation also seen therefore same view that finally rally will remain continued towards 11413.85 after follow up consolidation.