Up moves continuation towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(23-12-2021)
Nifty-Intra Day Chart (22-Dec-2021):-
Technical Patterns formation in today intraday charts
1- More than 5 hours consolidation between 16820-16918
2- Up moves in last hour
3- Whole day actual trading between 16820-16971
Conclusions from intra day chart analysis
Although good selling between 16864-16936 yesterday but equally good more than 5 hours consolidation was seen within and near about this range between 16820-16918 today therefore up moves developed in last hour.
As today closing was at the highest levels of last 3 sessions and consolidation was seen at the higher levels of last 3 sessions trading range as well therefore up moves will remain continued towards next resistances between 17245-17332.