Rally continuation expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(04-12-2020)
Nifty-Intra Day Chart (03-Dec-2020):-
Technical Patterns formation in today intraday charts
1- Whole day down moves in Bullish Falling Channels
2- Whole day sideways trading between 13108-13180
3- Whole day actual trading between 13108-13180
Conclusions from intra day chart analysis
Following lines were told at 02:32 AM on 03-12-2020 in " Levels will confirm rally continuation or correction beginning":-
Expected that Nifty will firstly trade near about today highest and finally sustaining beyond 13070-13125 will confirm rally continuation or correction beginning
Yesterday highest was at 13128.50 and Nifty traded whole day sideways below and above it between 13108-13180 with consolidation through whole day down moves in Bullish Falling Channels therefore rally continuation is expected tomorrow and sustaining above 13180 will confirm strong up moves.