Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(14-05-2021)
Nifty-Intra Day Chart (12-May-2021):-
Technical Patterns formation in today intraday charts
1- Sharp fall after weak opening
2- Selling between 14728-14777
3- Sharp fall in last hour
3- Whole day actual trading between 14650-14824
Conclusions from intra day chart analysis
As firstly sharp fall after weak opening and after that more than 5 hours selling therefore again sharp fall in last hour and closing was near the lower levels of the day. Good selling last Wednesday and no consolidation therefore down moves towards following next supports will be seen in the coming sessions:-
1- 14612-14648
2- 14477-14567
3- 14452-14472