Finally 15845-15877 will confirm the fate of on going rally
Nifty-Intra Day Chart Analysis &
Market Outlook(15-07-2021)
Nifty-Intra Day Chart (14-Jul-2021):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Sharp up
3- Up moves with downward corrections
4- Mixed Patterns formation between 15845-15877
5- Whole day actual trading between 15764-15877
Conclusions from intra day chart analysis
Although firstly Very Short Term correction through down moves were seen but were in Bullish Falling Channel therefore Nifty moved up sharply. As Mid sesssion up moves with downward corrections and last 3 hours trading with Mixed Patterns formation between 15845-15877 therefore Nifty will have to trade and prepare for next decisive moves between and near about 15845-15877 and finally sustaining it beyond will confirm the fate of on going rally.