Fresh up moves after next
1-2 sessions consolidation
Nifty-Intra Day Chart Analysis &
Market Outlook(21-05-2021)
Nifty-Intra Day Chart (20-May-2021):-
Technical Patterns formation in today intraday charts
1- Sharp fall after flat opening
2- More than 4 hours selling between 14963-15023
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 14885-15069
Conclusions from intra day chart analysis
Although firstly sharp fall after flat opening and after that more than 4 hours selling between 14963-15023 but some consolidation was also seen in last hour through Down moves in Bullish Falling Channel therefore deeper correction is not expected and fresh up moves will be expected after next 1-2 sessions consolidation within today trading range