Rally continuation
Nifty-Intra Day Chart Analysis &
Market Outlook(16-02-2021)
Nifty-Intra Day Chart (15-Feb-2021):-
Technical Patterns formation in today intraday charts
1- 120 Points jumped in first 10 seconds
2- Whole day sideways trading between 15267-15325
3- Whole day actual trading between 15244-15340
Conclusions from intra day chart analysis
As Dow Jones Futures was more than 140 points up and most Asian were trading more than 1.34% up today morning therefore sentiment was heated and resultant Nifty jumped 120 Points in first 10 seconds after gap up opening.
Almost whole day sideways trading between 15267-15325 and closing also within it despite some up movs above it in last 10 minutes.
As consolidation patterns were also between 15267-15325 therefore rally continuation will be seen and until Nifty will not sustain below 15267 after complete selling patterns till then any correction will not be seen.