Rally continuation expectations
Intra Day Chart Analysis & Market Outlook
(28-11-2019)
Nifty-Intra Day Chart (27-Nov-2019):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channels
2- Last hour up moves with intraday corrections
3- Whole day actual trading between 12056-12114
Conclusions from intra day chart analysis
As higher levels selling yesterday therefore Nifty traded and consolidated whole day within yesterday trading range but could not move above yesterday highest despite today closing was near higher levels of the day after last hour up moves with intraday corrections.
Finally rally continuation is expected but firstly sustaining above yesterday highest(12132) should also be watched for confirmations because selling was seen below that level yesterday.