Rally continuation with only Very Short Term correction expectations
Intra Day Chart Analysis & Market Outlook
(24-01-2018)
Nifty-Intra Day Chart (23-Jan-2018):-
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| Just click on chart for its enlarged view |
1- Consolidation between 11028-11050
2- Consolidation between 11050-11092
3- Whole day actual trading between 10995-11092
Conclusions from intra day chart analysis
Bullish rally is very much on and until complete selling will not develop till then rally will remain continued because intraday consolidation patterns formations today. As Very Short Term indicators are overbought therefore only Very Short Term correction will be considered which may be sen any day.