Slipping below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(27-05-2021)
Nifty-Intra Day Chart (26-May-2021):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections
2- More than 4 hours up moves in Bearish Rising Channel
3- Whole day actual trading between 15195-15319
Conclusions from intra day chart analysis
Although first 2 hours some buying through up moves with downward corrections but last more than 4 hours good selling through up moves in Bearish Rising Channel therefore expected that Nifty will not sustain above 15300 and will slip below today lowest(15195) despite today closing was near the higher levels of the day with 93 gains and above 15300.
As Dow Jones Futures is now trading more than with 90 points gains and European markets are also flat as well as most Asian markets closed in Green today therefore some volatility may be seen tomorrow morning but expected that finally Nifty will slip below 15195 tomorrow.