Rally conitnuation with only Very Short term correction possibility
Nifty-Intra Day Chart Analysis
(11-Sep-2023)
Nifty-Intra Day Chart (11-Sep-2023):-
Technical Patterns formation in today intraday charts
1- Consolidation between 19881-19912
2- More than 4 hours consolidation in Mid-session between 19918-19959
3- Up moves in last hour
4- Whole day actual trading between 19866-20008
Conclusions from intra day chart analysis
As firstly consolidation after positive opening and after that more than 4 hours consolidation in Mid-session also therefore up moves remained conitnued till last minutes and Nifty closed at life time highest after new Life time top formations.
Only intraday consolidation patterns formations and selling patterns were not seen therefore on going rally conitnuation is expected but Very Short term indicators have tuned Over bought therefore only Very Short term correction possibility can not be ruled out.