Fresh selling tomorrow will mean
than more than 2% correction
Nifty-Intra Day Chart Analysis &
Market Outlook(09-06-2021)
Nifty-Intra Day Chart (08-Jun-2021):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 15680-15778
Conclusions from intra day chart analysis
As both consolidation and selling was seen today therefore whole day today trading will be understood with Mixed Patterns formation hence firstly sustaining beyond today trading range should be watched for next decisive moves beginning confirmations.
Some selling patterns were seen yesterday also therefore if fresh selling develops tomorrow then more than 2% correction will be seen.