Rally continuation amid only a Very Short Term correction possibility
Intra Day Chart Analysis & Market Outlook
(30-10-2019)
Nifty-Intra Day Chart (29-Oct-2019):- |
| Just click on chart for its enlarged view |
1- Whole day rally with minor intraday corrections
2- Whole day actual trading between 11628-11809
Conclusions from intra day chart analysis
As whole day up moves with intraday corrections and no selling patterns formations as well as forcefully break out of last 5 sessions highest today therefore today started rally continuation towards life time highest(12103) is expected.
Very Short Term indicators have turned overbought after 1.37% rally today therefore only a Very Short Term correction or sideways trading for consolidation may be seen any day.