Rally continuation after fresh consolidation
Nifty-Intra Day Chart Analysis &
Market Outlook(10-02-2022)
Nifty-Intra Day Chart (09-Feb-2022):-
Technical Patterns formation in today intraday charts
1- Consolidation between 17365-17436
2- Slow up moves
3- Whole day actual trading between 17339-17477
Conclusions from intra day chart analysis
As firstly consolidation between 17365-17436 after gap up opening therefore up moves were seen in last hours. Although rally continuation is expected in the coming sessions but fresh consolidation is also firstly required near about day's highest(17477) because last hours up movees were slow and some selling can not be ruled out on the back of these slow up moves.