Firstly watch today lowest for next decisive moves confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(26-03-2021)
Nifty-Intra Day Chart (25-Mar-2021):-
Technical Patterns formation in today intraday charts
1- More than 100 points fall in first 15 minutes
2- Down moves in Bullish Falling Channels
3- 235 Points jump from lower
4- 210 Points sharp fall
5- Huge volatility in last 3 hours
6- Whole day actual trading between 14265-14575
Conclusions from intra day chart analysis
Although more than 100 points fall in first 15 minutes but after that consolidation through more than 3 hours Down moves in Bullish Falling Channels therefore 235 points jump from lower levels was seen after that which could not sustain at higher levels also and immediately fallen 210 points sharply .
As huge volatility in last 3 hours and technical positions reverses also during such volatility therefore firstly sustaining beyond today lowest(14265) should be firstly watched tomorrow for next decisive moves confirmations.
Next supports below today lowest are as follows:-
1- 13817-13865
2- 13725-13776
3- 13606-13701
Next resistances above today lowest are as follows:-
1- 14610-14675
2- 14711-14752
3- 14792-14875