Rally continuation towards next resistances
Intra Day Chart Analysis & Market Outlook
(13-02-2020)
Nifty-Intra Day Chart (12-Feb-2020):- |
| Just click on chart for its enlarged view |
1- 72 Points jump in first 4 minutes
2- More than 5 hours trading at 0.60% higher levels within 45 points between 12188-12231
3- Most time trading 12188-12217
4- Whole day actual trading between 12145-12231
Conclusions from intra day chart analysis
5th Resistance range between 12160-12216 was updated on 08-02-2020 in "Firstly watch level in next week for the life and length of expected correction"
Nifty traded at and above 0.60% higher levels within and near about 8th Feb mentioned resistance range.
As whole day today trading was above 0.60% higher levels with consolidation patterns indications therefore expected that up moves will be seen above today highest(12231) and once sustaining above it will mean rally continuation towards next resistances(12327-12375).