Lalit Dhingra
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Rally Continuation above 8600

Lalit Dhingra at 10:26 PM - Jan 26, 2017 ( ) Views: 470

Happy Republic Day

 

Rally Continuation above 8600

Intra Day Chart Analysis & Market Outlook

(27-01-2017)

 

Nifty-Intra Day Chart (25-Jan-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

 

1- Whle day up moves with intraday consolidation

2- Whole day actual trading between 8494-8612

 

Conclusions from intra day chart analysis 

 

As whole day up moves after positive opening with intraday consolidation also therefore rally continuation is expected above 8600 but short Term Indicators have turned over bought today after last 3 sessions rally therefore minor correction for consolidation can not be ruled out any day but finally rally continuation will be seen because until complete selling patterns on EOD charts will not develop till then decisive down moves will not be seen.


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