15783 will confirm decisive
down moves
Nifty-Intra Day Chart Analysis &
Market Outlook(30-07-2021)
Nifty-Intra Day Chart (29-Jul-2021):-
Technical Patterns formation in today intraday charts
1- Volatility in first hour
2- Sharp up
3- Selling between 15783-15817
4- Whole day actual trading between 15738-15817
Conclusions from intra day chart analysis
Although firstly volatility after positive opening and after that sharp up moves were also seen but higher levels selling between 15783-15817. If follow up selling develops tomorrow also then decisive down moves will be seen towards yesterday lowest and its confirmation will be sustaining below 15783.