Levels will confirm next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(10-02-2021)
Nifty-Intra Day Chart (09-Feb-2021):-
Technical Patterns formation in today intraday charts
1- Up moves in Bearish Rising Channel
2- Selling between 15198-15257(immediate Resistances)
3- Sharp fall in last hour
4- Whole day actual trading between 15065-15257
Conclusions from intra day chart analysis
As firstly Up moves in Bearish Rising Channel and after that selling between 15198-15257 therefore sharp fall in last hour and today closing was near the lower levels of the day.
As next supports are between 14865-14925 and Nifty will trade between 14865-15257 in the coming sessions as well as prepare for next decisive moves within this range therefore firstly sustaining beyond this range should be watched for deeper correction below 14865 and fresh rally after Short Term correction completion above 15257.