16179-16320 will confirm 

next decisive moves

Nifty-Intra Day Chart Analysis & 

Market Outlook(10-08-2021)

Nifty-Intra Day Chart (09-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 16280-16320

2- Selling between 16244-16264

3- Down moves in Bullish Falling Channel

4- Up moves with downward corrections

5- Whole day actual trading between 16179-16320

Conclusions from intra day chart analysis 

As selling in first 3 hours therefore down moves were seen till 01:45 PM but after this 15 minutes down moves were in Bullish Falling Channel and last 2 hours up moves were with downward corrections hence lower levels good consolidation will also be understood today.

Both lower levels consolidation and higher levels selling between 16179-16320 therefore Nifty will firstly trade and prepare for next decisive moves within this range and finally sustaining it beyond will confirm it hence should be firstly watched in the coming sessions.