Break out of 15645-15789 will generate next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(13-07-2021)
Nifty-Intra Day Chart (12-Jul-2021):-
Technical Patterns formation in today intraday charts
1- First 4 hours selling between 15750-15789
2- Sharp fall
3- Down moves in Bullish Falling Channel
4- Up moves in last hour
5- Whole day actual trading between 15645-15789
Conclusions from intra day chart analysis
Following line was told on 10-07-2021 in "Crucial levels break out/down will confirm Strong rally or Deeper correction":-
up moves will be seen above last Friday highest(15730) in the beginning of next week.
As was told 100% same happened and up moves were seen after strong opening today but selling developed in first 4 hours therefore fallen Sharply in Mid-session.
As higher levels good selling below 15789 in first 4 hours and lower levels good consolidation also in last hours above 15645 therefore it will be understood that Nifty is technically not prepared for one sided decisive moves and firstly Nifty will have to trade and prepare for next one sided big moves within and near about today trading range(15645-15789),let Nifty prepare then finally sustaining it beyond or forceful break out/down will generate next decisive moves in the coming sessions.