Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(07-07-2021)
Nifty-Intra Day Chart (06-Jul-2021):-
Technical Patterns formation in today intraday charts
1- Up moves in Bearish Rising Channels
2- Selling between 15876-15914
3- Sharp down moves in last 2 hours
4- Whole day actual trading between 15801-15914
Conclusions from intra day chart analysis
Multiple resistances were updated between 15810-15894 yesterday and fresh selling was seen within it today therefore Sharp down moves in last 2 hours and no consolidation pattern formations hence more down moves will be seen below 15801 and towards following next supports:-
1- 15656-15709
2- 15618-15647
3- 15542-15586