On going Bullish rally continuation
towards/above life time top with
Very Short Term correction possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(27-06-2025)
Nifty-Intra Day Chart (26-Jun-2025):-
Technical Patterns formation in today intraday charts
1- Volatility in first 2 hours
2- Up moves with downward corrections
3- Whole day trading between 25260-25565
Conclusions from intra day chart analysis
Although firstly volatility in first 2 hours after positive opening but after that more than 3 hours upward moves were with downward corrections and it is also a consolidation pattern as well as intraday good consolidation was seen in previous session therefore Nifty closed near the higher levels of the day with 1.21% gains.
As such nice intraday consolidation patterns formations in previous 2 sessions therefore on going Bullish rally continuation is expected towards/above life time top in the coming sessions/weeks also but Very Short Term indicators have turned Over bought therefore only Very Short Term correction possibility can not be ruled out.