Rally continuation expectations after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(06-06-2019)
Nifty-Intra Day Chart (04-Jun-2019):- |
| Just click on chart for its enlarged view |
1- Minor selling
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 12006-12095
Conclusions from intra day chart analysis
Although firstly higher levels selling and some selling in Mid-session also but consolidation was also seen through Down moves in Bullish Falling Channels therefore whole day trading will be understood with Mixed Patterns formation between 12006-12095.
As last Tuesday trading will be understood only a very Short Term correction of last Monday strong rally and rally continuation above life time highest is expected after follow up consolidation within and near about 12006-12095.