Today started Pull Back rally continuation expectations
Intra Day Chart Analysis & Market Outlook
(21-03-2018)
Nifty-Intra Day Chart (20-Mar-2018):-
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| Just click on chart for its enlarged view |
1- Recovery from lower levels
2- Consolidation between 10092-10155
3- Whole day actual trading between 10050-10155
Conclusions from intra day chart analysis
Although most depressed sentiment today morning due to weakness in most of the Global markets but firstly recovery from lower levels after weak opening and more than 4 hours consolidation therefore today started Pull Back rally continuation is expected tomorrow.
As all the Asian markets will react on FOMC announcements on Thursday therefore intraday charts patterns formations of tomorrow will confirm post FOMC decisive moves which should also be firsly watched tomorrow for the strength of today started Pull Back rally.