Fresh Rally beginning above 12000
Intra Day Chart Analysis & Market Outlook
(08-11-2019)
Nifty-Intra Day Chart (07-Nov-2019):- |
| Just click on chart for its enlarged view |
1- Selling between 12011-12017
2- Down moves in Bullish Falling Channels
3- Sharp up
4- Consolidation between 11983-12021
5- Whole day actual trading between 11947-12021
Conclusions from intra day chart analysis
As firstly minor selling after positive opening therefore slipping from high levels but lower levels more than 2 hours good consolidation through Down moves in Bullish Falling Channels and resultant sharp up in Mid-session.
Firstly lower levels consolidation and after that more than 2 hours higher levels consolidation near about 12000 between 11983-12021 as well as closing above 12000 are suggesting fresh rally beginning above 12000 from tomorrow.