Firstly watch 11172 on volatile Budget day tomorrow
Intra Day Chart Analysis & Market Outlook
(01-02-2018)
Nifty-Intra Day Chart (31-Jan-2018):-
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Sharp up in last hour
3- Whole day actual trading between 10980-11058
Conclusions from intra day chart analysis
Following lines were told on 30-01-2018 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.
Although Very Short Term correction but follow up consolidation was also seen in both previous sessions therefore same view that finally rally will remain continued towards 11413.85.
As selling between 10144-11172 on 29-01-2018 therefore firstly sustaining above 11172 should be watched on volatile Budget day tomorrow because that will confirm rally continuation expectations towards 11413.85
Importance of 11413.85 has already been updated on 28-01-2018 in "11413.85 will confirm Rally continuation or 5 Waves Correction after Budget" because this levels will be next Big moves decider and finally break out of this levels should be watched in the coming sessions and weeks.