On going Pull Back rally continuation towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(15-05-2026)
Nifty-Intra Day Chart (14-May-2026):-
Technical Patterns formation in today intraday charts
1- 104 Points downward moves after 117 points positive opening
2- Consolidation between 23427-23524
3- Up moves with downward corrections
4- Whole day trading between 23427-23777
Conclusions from intra day chart analysis
Although firstly 104 Points downward moves after 117 points positive opening but lower levels consolidation was seen between 23427-23524 therefore sharp upward moves developed in Mid Session. As more than 3 hours upward moves were with downward corrections therefore on going Pull Back rally continuation is expected towards those resistances which have already been posted in previous Outlook. Sustaining beyond those resistances should be firstly watch tomorrow for next intraday decisive moves beginning confirmations.