Pull Back rally towards and above 10100 in next week
Intra Day Chart Analysis & Market Outlook
(26-03-2018)
Nifty-Intra Day Chart (23-Mar-2018):- |
| Just click on chart for its enlarged view |
1- Consolidation between 9962-10002
2- Consolidation between 9977-9987
3- All the down moves in Bullish Falling Channels
4- Whole day actual trading between 9952-10027
Conclusions from intra day chart analysis
Although 1.15% negative closing after huge gap down opening and whole day deep Red trading last Friday but view is Bullish and Pull Back rally is expected towards and above 10100 in next week despite Dow Jones yesterday closing after loosing 424.69 points and SGX Nifty closing at 9916.50 after the loss of 75 points because:-
1- Good consolidation patterns formations in Indian markets.
2- Nifty out performed most Global markets and lost only 1.15% points while most Globl markets closed after loosing more than 2% points.