Watch 2 trading ranges for
first indication & final confirmation
of next trend
Nifty-Intra Day Chart Analysis &
Market Outlook(11-02-2021)
Nifty-Intra Day Chart (10-Feb-2021):-
Technical Patterns formation in today intraday charts
1- Whole day intraday volatility
2- Whole day actual trading between 14978-15168
Conclusions from intra day chart analysis
Although today closing was near the higher levels of the day after last 2 hours up moves from intraday lower levels but as such one sided technical positions formation was not seen and it was only Whole day intraday volatility day today.
As minor supports at lower levels and minor selling at higher levels also therefore firstly valid break out of today trading range(14978-15168) and finally sustaining beyond 14865-15257 should be watched in the coming sessions for next trend confirmations.
Just watch above mentioned 2 trading ranges for first indication(14978-15168) and final confirmation(14865-15257) of next trend.