Levels will confirm next decisive moves
Nifty-Intra Day Charts Analysis &
Market Outlook(08-11-2021)
Nifty-Intra Day Chart (Nov 03 & Nov 04,2021):-
Technical Patterns formation in last 2 Sessions intraday charts
1- Selling between 17951-17988 on 03-11-2021
2- Down moves in Bullish Falling Channel on 03-11-2021
3- Volatility in last 2 hours between 17758-17901 on 03-11-2021
4- Down moves after strong opening on 04-11-2021
5- Last 2 Sessions trading between 17758-17988
Conclusions from 2 Sessions
intra day chart analysis
Although positive opening on 03-11-2021 but good selling between 17951-17988 therefore sharp down moves were seen up to 02:30 PM. As firstly down moves were in Bullish Falling Channel therefore some up moves and volatility developed in last hours also.
Strong opening on Dipawali Muhurt session but after that only down moves were seen therefore closing was near the lower levela of the day.
As higher levels selling and and lower levels some buying also in last 2 sessions therefore expected that Nifty will trade between 17758-17988 in the beginning of next week and finally sustaining it beyond will generate next decisive which should be watched in the coming sessions.