Watch levels for deeper correction amid more down moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(10-06-2021)
Nifty-Intra Day Chart (09-Jun-2021):-
1- Up moves after flat opening
2- Selling between 15770-15800(immediate Resistances)
3- Sharp fall
4- Up moves in Bearish Rising Channel
5- Sharp fall
6- Up moves in last hour
7- Whole day actual trading between 15567-15800
Conclusions from intra day chart analysis
Not only yesterday but for the last 5 sessions We were continuously telling for selling patterns formations for the last 5 sessions and Nifty slipped below last 5 sessions lowest within 18 minutes sharp fall in Mid-session today.
Anyone may see and confirm this fact from the previous sessions Outlooks on Home page of this Blog.
Although firstly up moves after flat opening but more than 3 hours good selling therefore sharp fall in Mid-sessions. As again selling hence again sharp fall with some Up moves in last hour .
Last 5 sessions lowest is at 15611 and once sustaining below it will mean deeper correction after last 5 sessions trading range breaking down confirmations which should be first watched tomorrow with more down moves expectations.