Firstly watch levels amid Global
markets led huge volatility
Nifty-Intra Day Chart Analysis &
Market Outlook(05-03-2021)
Nifty-Intra Day Chart (04-Mar-2021):-
Technical Patterns formation in today intraday charts
1- Global cues led whole day only intraday volatility
2- Whole day actual trading between 14981-15202
Conclusions from intra day chart analysis
As Global markets led too much depressed sentiments today morning therefore firstly weaker opening of Indian markets and after that whole day only intraday volatility and as such one sided trading positions formations were not seen therefore firstly sustaining beyond following immediate supports and resistances should be watched tomorrow for next trend confirmations because Dow Jones which was trading more than 200 points up 2 hours before is now trading more than 390 points down also:-
Supports:-
1- 15062-15081
2- 15016-15034
3- 14788-14855(Strong supports)
Resistances:-
1- 15274-15315
2- 15335-15431