Sustaining above 15126 will confirm
rally towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(10-03-2021)
Nifty-Intra Day Chart (09-Mar-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 15064-15126
2- Consolidation between 14926-15025
3- Sharp up moves in last hour
4- Whole day actual trading between 14926-15126
Conclusions from intra day chart analysis
As Dow Jones Futures was trading 180 points up and all the Asian markets were trading with good gains today morning therefore strong opening of Indian markets but higher levels selling developed and down moves were seen in Mid-session.
As last 2 sessions good selling above 14991 therefore slipped below it and consolidation was seen below and above it between 14926-15025 hence sharp up moves in last hour.
Last 3 sessions trading between 14863-15126 with higher levels selling and lower levels consolidation today therefore sustaining above today highest(15126) will confirm rally towards following next resistances:-
1- 15145-15196
2- 15213-15245
3- 15274-15315
4- 15335-15431