15711 will confirm next
decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(29-07-2021)
Nifty-Intra Day Chart (28-Jul-2021):-
Technical Patterns formation in today intraday charts
1- Whole day only volatility
2- Whole day actual trading between 15514-15767
Conclusions from intra day chart analysis
Previous 26 Sessions trading between 15579-15962 and last supports within this range between 15460-15537 was updated in this week Outlook. Nifty got supports within this suppport range at 15514 today after 253 points sharp fall from higher levels and after that up moves were seen in last 5 hours.
As technical positions changes fast during such high volatility therefore firstly sustaining beyond 15711 should be watched tomorrow for next decisive moves confirmations because Nifty got supports above it yesterday.
Sustaining above 15711 will confirm decisive sharp up moves and sustaining below it will confirm correction continuation towards next supports between 15460-15537.