Remain watchful after higher levels
good intraday selling today
Nifty-Intra Day Chart Analysis &
Market Outlook(16-06-2026)
Nifty-Intra Day Chart (15-Jun-2026):-
Technical Patterns formation in today intraday charts
1- Selling between 23933-24008
2- Downward moves
3- Selling between 23834-23934
4- Sharp downward moves
5- Whole day trading between 23818-24011
Conclusions from intra day
chart analysis
As the world had seen a historic step towards peace after the darkness of war, the sun of peace has risen because US and Iran agreed to Sign MOU To end War in Geneva on June 19,2026 therefore sentiment boosted and in reaction all the Global Stock markets jumped and resultant 339 points gap up opening was seen. Although some upwards moves were also seen after such strong opening but sentiment turned heated therefore selling developed at intraday higher levels. As some follow up selling was also seen after some downward moves therefore sharp downward moves were seen in last hour also.
Although 0.98% positive closing but higher levels good intraday selling was seen today therefore Nifty closed near the lower levels of the day. As US and Iran peace agreement news therefore some more upward moves can not be ruled out but until Nifty will not be able to firstly sustain above the top of following 2 resistances(23983) and after that above the top of following 3rd resistance range(24089) after complete consolidation till then next decisive upward moves will not be seen because:-
1- Nifty traded within and near about these 2 resistances and closed below it at 23,853.90 after higher levels good intraday selling today.
2- Nifty could not test 3rd resistance range which is just above today highest(24,011.40).
Next 3 resistances are as follows:-
1- 23895-23943
2- 23946-23983
3- 24032-24089
Remain watchful also because once sustaining below today lowest(23818) after fresh selling will mean sharp downward moves beginning because higher levels good intraday selling today and complete consolidation is firstly required for sustaining above today highest(24011).