Rally continuation Expectations
Intra Day Chart Analysis & Market Outlook
(18-01-2018)
Nifty-Intra Day Chart (17-Jan-2018):-
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Technical Patterns formation in today intraday charts
1- Supports at lower level
1- Consolidation between 10716-10760
3- Whole day actual trading between 10667-10803
Conclusions from intra day chart analysis
Following lines were told yesterday in "Just Watch Crucial Levels for next decisive moves confirmations":-
As lower levels conolidation and higher levels selling in last 2 sessions between 10688-10782 therefore Nifty has to prepare for next decisive moves within and near about this crucial range
Nifty consolidated more than 4 hours within mentioned range between 10716-10760 and closed at life timed highest therefore rally continuation will be seen because no selling patterns formations today.