Firstly watch today highest for Rally above new Life time highest
Nifty-Intra Day Chart Analysis &
Market Outlook(08-07-2021)
Nifty-Intra Day Chart (07-Jul-2021):-
Technical Patterns formation in today intraday charts
1- Consolidation between 15797-15820
2- Consolidation between 15814-15845
3- Up moves in Bearish Rising Channels
4- Whole day actual trading between 15780-15893
Conclusions from intra day chart analysis
Although weaker opening but firstly more than 4 hours consolidation was seen therefore up moves remain continued till last minutes and closing was near the higher levels of the day.
As some selling was also seen in last hours through up moves in Bearish Rising Channels therefore fresh consolidation is firstly required tomorrow for rally above today highest and firstly sustaining above it should be watched tomorrow for rally continuation above new life time highest.