Levels will confirm sharp fall
after follow up selling
Nifty-Intra Day Chart Analysis &
Market Outlook(09-09-2021)
Nifty-Intra Day Chart (08-Sep-2021):-
Technical Patterns formation in today intraday charts
1- First 3 hours selling between 17350-17373
2- Sharp fall in Mid-session
3- Slow up moves in last hours
4- Whole day actual trading between 17255-17383
Conclusions from intra day chart analysis
As first 3 hours selling therefore sharp fall was seen in Mid-session but continuous up moves developed after 01:00 PM. Although today closing was near the higher levels of the day but last hours up moves were slow and today closing(19353.50) was within first 3 hours selling range therefore if follow up selling develops tomorrow then sharp fall will be seen and its first strong signal will be sustaining below today selling range(17350-17373)