Rally continuation
Nifty-Intra Day Chart Analysis &
Market Outlook(03-06-2021)
Nifty-Intra Day Chart (02-Jun-2021):-
Technical Patterns formation in today intraday charts
1- More than 5 hours consolidation between 15460-15537(immediate supports)
2- Strong up moves in last hour
3- Whole day actual trading between 15460-15597
Conclusions from intra day chart analysis
As some selling yesterday therefore Short Term correction was told and Nifty traded almost whole day in negative zone today but follow up selling was not seen. More than 5 hours consolidation between 15460-15537 today and it will be immediate supports hence rally will remain continued tomorrow and until complete selling will not develop till then Nifty will not sustain below today lowest(15460).