Finally correction continuation after some volatility
Intra Day Chart Analysis & Market Outlook
(06-02-2018)
Nifty-Intra Day Chart (05-Feb-2018):-
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| Just click on chart for its enlarged view |
1- Up moves in Bearish Rising Channel
2- Down moves in Bullish Falling Channel
3- Some consolidation after minor doem moves
4- Whole day actual trading between 10587-10702
Conclusions from intra day chart analysis
As whole day trading with both Bullish and Bearish patterns formations therefore today trading will be understood with Mixed Patterns formations.
If no big Global markets fall tomorrow morning then a pull back rally may be seen and some volatility is also can not be ruled out.
Correction is very much on and until complete consildation will not develop till then its continuation will be seen and finally it is expected also below today lowest(10586.80) after 1/2 sessions volatility.