Rally continuation amid
Short Term correction possibility
Nifty-Intra Day Chart Analysis
(31-May-2021)
Nifty-Intra Day Chart (31-May-2021):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 15374-15606
Conclusions from intra day chart analysis
As whole day up moves with downward corrections and intraday selling patterns were not seen therefore rally continuation is expected but Short Term indicators are Overbought hence Short Term correction may be seen any day and its first signal will be sustaining below today highest after fresh selling near about it.