Firstly watch levels for next Very Short term trend confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(12-01-2021)
Nifty-Intra Day Chart (11-Jan-2021):-
Technical Patterns formation in today intraday charts
1- Whole day up moves in Bearish Rising Channels
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 14384-14498
Conclusions from intra day chart analysis
Although firstly some consolidation through Down moves in Bullish Falling Channels but Whole day up moves were in Bearish Rising Channels therefore some selling also can not be ruled out.
As both buying and selling therefore some consolidation is required for sustaining above day's highest and more selling will mean Very Short term correction below day's lowest.
Nifty will have to prepare for the next Very Short term trend within or near about day's range(14384-14498) and firstly sustaining its beyond should be watched for its confirmations.