Firstly watch 15682-15885 for the life of today started correction
Nifty-Intra Day Chart Analysis &
Market Outlook(09-07-2021)
Nifty-Intra Day Chart (08-Jul-2021):-
Technical Patterns formation in today intraday charts
1- Whole day Down moves with upward corrections
2- Support between 15682-15730
3- Whole day actual trading between 15682-15885
Conclusions from intra day chart analysis
Although Nifty closed at day's top and life time highest also yesterday but we were cautions because selling was also seen in last hours therefore we told following lines yesterday in "Firstly watch today highest for Rally above new Life time highest":-
1- fresh consolidation is firstly required tomorrow for rally above today highest
2- firstly sustaining above it should be watched tomorrow for rally continuation above new life time highest.
As follow up selling developed today therefore down moves remained continued with upward corrections. Lower levels some supports was also seen in last hours between 15682-15885 which should be firstly watched tomorrow for the life of today started correction.