Rally continuation expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(16-11-2023)
Nifty-Intra Day Chart (15-Nov-2023):-
Technical Patterns formation in today intraday charts
1- 207 Points gap up strong opening
2- More than 4 hours consolidation between 19613-19642
3- Follow up consolidation between 19651-19670
4- Sharp up in last half hour
5- Whole day trading between 19580-19693
Conclusions from intra day chart analysis
As firstly 207 points gap up strong opening and after that more than 4 hours consolidation as well as follow up consolidation therefore sharp up moves were seen in last half hour and on going rally continuation is expected in the coming sessions also.