Today started rally continuation expectations
Intra Day Chart Analysis & Market Outlook
(15-05-2019)
Nifty-Intra Day Chart (14-May-2019):- |
| Just click on chart for its enlarged view |
1- Consolidation between 11109-11155
2- Sharp up moves
3- Volatility in last hour
4- Whole day actual trading between 11109-11294
Conclusions from intra day chart analysis
Following lines were told yesterday in "Let Global markets crashing stop then sharp rally in Indian markets":-
Let Global markets crashing stop then sharp rally will be seen in Indian markets because good intraday consolidation in last 3 sessions.
As soon as Dow Jones'S futures started to trade positive today morning then indian markets started to consolidate and sharp rally started immediately after strong opening of European markets.
As more than 3 hours consolidation between 11109-11155 therefore it will be immwdiate support of Nifty and expected that today today started rally will remain continued in the coming sessions also.