Finally fresh rally above 12000 after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(24-05-2019)
Nifty-Intra Day Chart (23-May-2019):- |
| Just click on chart for its enlarged view |
1- Sharp up after Green opening
2- All the Down moves in Bullish Falling Channels
3- Whole day actual trading between 11615-12041
Conclusions from intra day chart analysis
Following lines were told at 02:06 PM on 18-05-2019 in "Rally above life time high after Modi ji strong victory on 23-05-2019" and repeated 2 times also in this week:-
It is confirm that fresh rally above life time highest will be seen in the coming weeks because as per our own analysis Modi ji strong victory with following results will be seen on 23-05-2019:-
It is confirm that fresh rally above life time highest will be seen in the coming weeks because as per our own analysis Modi ji strong victory with following results will be seen on 23-05-2019:-
1- BJP will win more than 290 seats.
2- NDA will win more than 340 seats.
As steep fall in Dow Jones's Futures and in most Asian and European markets started therefore sharp down moves begun in indian markets also but all the Down moves were in Bullish Falling Channels hence expected that finally fresh rally above 12000 will be seen after follow up consolidation in the coming sessions.