Firstly watch sustaining below 17453 for deeper correction beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(25-11-2021)
Nifty-Intra Day Chart (24-Nov-2021):-
Technical Patterns formation in today intraday charts
1- Almost 5 hours selling between 17509-17600
2- Down moves in last 2 hours
3- Whole day actual trading between 17354-17600
Conclusions from intra day chart analysis
Although more than 100 points up moves from lower levels but with selling patterns formations within and near about yesterday posted 1st resistance range(17563-17590) therefore down moves started which remained continued till last minutes and today closing was near the lower levels of the day.
As Nifty again closed below previous 33 sessions trading range(17453-18604) and once sustaining below it will confirm deeper correction beginning therefore should also be firstly watched in the coming sessions.