Today lowest will confirm 

deeper correction

Nifty-Intra Day Chart Analysis & Market 

Outlook(17-06-2021)

Nifty-Intra Day Chart (16-Jun-2021):-

Technical Patterns formation in today intraday charts

1- Volatility in first hour

2- Down moves in Bullish Falling Channel

3- Consolidation between 15773-15798

4- Up moves in Bearish Rising Channel

5- Sharp fall in last hour

6- Whole day actual trading between 15743-15880

Conclusions from intra day chart analysis 

As Down moves in Bullish Falling Channel after first hour volatility and more than one hour consolidation between 15773-15798 therefore more than 2 hours up moves were seen in Mid-session but these up moves in Bearish Rising Channel hence sharp fall in last hour.

Although today closing was near the lowest of the day but some consolidation was also seen today therefore sustaining below today lowest(15743) should be watched tmorrow for deeper correction confirmations.

 Levels will confirm next 

decisive moves

Nifty-Intra Day Chart Analysis & 

Market Outlook(16-06-2021)

Nifty-Intra Day Chart (15-Jun-2021):-

Technical Patterns formation in today intraday charts

1- Whole day sideways trading

2- Higher levels selling

3- Lower levels some supports

4- Down moves in Bullish Falling Channels

5- Whole day actual trading between 15855-15901

Conclusions from intra day chart analysis 

Although whole day Green zone trading after gap up opening and closing also with 0.36% gains but both consolidation and selling patterns were seen within sideways trading range(15855-15901) today. 

As Mixed Patterns formation between 15855-15901 today therefore firstly Nifty will have to trade and prepare for next decisive moves within and near about today trading range as well as sustaining it beyond will confirm it hence should be firstly watched tomorrow.

 As busy therefore Stock Market Outlook of today(15-06-2021) is not being updated.

 Live Proofs of our 100% accurate projections on Indian Stock Markets

We posted following Weekly Analysis topic on 12-06-2021:- 

Short Term Correction with sharp fall possibility in next week

As was told 100% same happened today on 14-06-2021 that;- 

Nifty crashed 192 points in first 21 minutes today

For Indian markets weakness we told following lines in above topic:-

1- Short Term correction is on cards and will start any day in next week

2- firstly down moves are expected in the beginning of next week.

3- As above signals of Short Term Correction and seems stronger also therefore expectations of Short Term Correction with sharp fall possibility in next week

Just click folling above topic link and just see all our above 100% accurate projections:-

https://enjoydailyprofits.blogspot.com/2021/06/short-term-correction-with-sharp-fall.html

Above topic has been printed in Gujarati edition of Economic Revolution news paper also on current week;-

Who told in whole India except us for today correction with such high conviction

 Short Term Correction with sharp 

fall possibility in next week

Technical Analysis,Research & Weekly Outlook

(Jun 14 to Jun 18,2021)

Nifty-EOD Chart Analysis

(MACD & Stochastic)

Nifty-EOD Chart (11-Jun-2021):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 continuation with recent high and new life time top formation at 15,835.50 on 11-06-2021

2- Stochastic %K(5) is at 62.99 & %D(3) is at 65.50

3-  Stochastic- %K(5) line has intersected %D(3) line downward and both lines falling from Overbought zone

4- Stochastic is showing negative divergence through moving down from Overbought zone when Nifty is moving up.

5- In MACD- MACD line is above Average line and turned flat while Average line is rising in positive zone.

 

Conclusions from EOD chart analysis

(Stochastic & MACD)

Although MACD is still showing up trend through MACD line above Average line but momentum has slowed down because MACD line has turned flat therefore emergence of first signal of some down moves. 

As Stochastic is showing negative divergence and %K(5) line has intersected %D(3) line downward as well as its both lines falling therefore indicating that Short Term correction is on cards and will start any day in next week

Nifty-Last 7 Sessions

intraday charts analysis

Nifty-Intra Day Chart (Jun 03 to Jun 11,2021):-

Technical Patterns formation in last 7 Sessions intraday charts

1- Selling(Resistances) in last 7 Sessions  are between 15770-15835

2- Consolidation(Supports) in last 7 Sessions are between 15618-15671

3- Many times trading with Mixed Patterns formation in last 7 Sessions 

4- 7 Sessions actual trading between 15557-15835 

Conclusions from 7 Sessions

intra day chart analysis 

Although life time highest formation and closing also at the life time top on 11-06-2021 but higher levels selling patterns were seen therefore previous resistances which are just below between 15770-15800 have been strengthened and once sustaining below 15770 will mean first strong signal Short Term correction beginning. 

Good supports of last 7 Sessions are between 15618-15671 and Mixed Patterns formation were seen between 15671-15770 therefore if follow up selling develops in the beginning of next week then sharp fall will be seen towards the support(15671) of last 7 sessions because lack of supports are above it.

Nifty-Intra Day Chart Analysis

(11-Jun-2021)

Nifty-Intra Day Chart (11-Jun-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 15807-15835

2- Up moves in Bearish Rising Channel

3- Selling between 15786-15812

4- Whole day actual trading between 15750-15835

Conclusions from intra day chart analysis 

Although whole day Green zone trading after positive opening and closing also with 0.39% gains on 11-06-2021 but only intraday selling patterns formations were seen therefore firstly down moves are expected in the beginning of next week.

Conclusions

(After Putting All Studies Together)

All trends are up and Indian markets are continuously forming new life time top but emergence of Short Term Correction following signals:-

1- Stochastic has shown multiple signals of correction.

2- MACD has started to show downward trend beginning signals

3- Doji Candle formation on EOD charts and higher levels selling patterns formations on 11-06-2021. 

4- Higher levels selling and below it Mixed Patterns formation in last 7 sessions.

As above signals of Short Term Correction and seems stronger also therefore expectations of Short Term Correction with sharp fall possibility in next week and and sustaining below 15618 will confirm deeper correction. 

 Levels will confirm the life 

and length of on going 

Short Term correction

Nifty-Intra Day Chart Analysis & 

Market Outlook(11-06-2021)

Nifty-Intra Day Chart (10-Jun-2021):-

Technical Patterns formation in today intraday charts

1- Ascending triangle formations after positive opening

2- First 4 hours upmoves with downward corrections

3- Last 2 hour slow up moves

4- Whole day actual trading between 15649-15751

Conclusions from intra day chart analysis 

Although whole day up moves with Ascending triangle formations and first 4 hours up moves were with downward corrections also as well as closing was near the higher levels of the day but seems some selling also in last 2 hours also because up moves were slow during this period.

Good selling was seen between 15770-15800 yesterday and this range is immediate resistance of Nifty as well as whole day today trading was below it therefore until Nifty will not sustain above 15800 after complete consolidation till then decisive up moves will not be seen. 

Fresh selling and sustaining below 15770 will mean correction towards and below 15567 because Nifty is being understood sideways between 15567-15800 for the last 6 sessions and this range will decide the life and length of on going Short Term correction.

Watch levels for deeper correction amid more down moves expectations 

Nifty-Intra Day Chart Analysis & 

Market Outlook(10-06-2021)

Nifty-Intra Day Chart (09-Jun-2021):-

Technical Patterns formation in today intraday charts

1- Up moves after flat opening

2- Selling between 15770-15800(immediate Resistances)

3- Sharp fall

4- Up moves in Bearish Rising Channel

5- Sharp fall

6- Up moves in last hour

7- Whole day actual trading between 15567-15800

Conclusions from intra day chart analysis 

Not only yesterday but for the last 5 sessions We were continuously telling for selling patterns formations for the last 5 sessions and Nifty slipped below last 5 sessions lowest within 18 minutes sharp fall in Mid-session today.

Anyone may see and confirm this fact from the previous sessions Outlooks on Home page of this Blog.

Although firstly up moves after flat opening but more than 3 hours good selling therefore sharp fall in Mid-sessions. As again selling hence again sharp fall with some Up moves in last hour .

Last 5 sessions lowest is at 15611 and once sustaining below it will mean deeper correction after last 5 sessions trading range breaking down confirmations which should be first watched tomorrow with more down moves expectations.

 Fresh selling tomorrow will mean 

than more than 2% correction 

Nifty-Intra Day Chart Analysis & 

Market Outlook(09-06-2021)

Nifty-Intra Day Chart (08-Jun-2021):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Up moves in Bearish Rising Channel

3- Whole day actual trading between 15680-15778

Conclusions from intra day chart analysis 

As both consolidation and selling was seen today therefore whole day today trading will be understood with Mixed Patterns formation hence firstly sustaining beyond today trading range should be watched for next decisive moves beginning confirmations.

Some selling patterns were seen yesterday also therefore if fresh selling develops tomorrow then more than 2% correction will be seen. 

 As busy therefore Stock Market Outlook of today(08-06-2021) is not being updated.

 Modi ji like person comes on this earth after millions of years

"Nifty above 50,000 

if Modi ji continue as 

Prime Minister of India till 2034"

For our greatest Prime Minister Shri Narendra Modi ji I told that 

'Shri Narendra Modi ji like person 

comes on this earth after millions of years"

In Financial Weekly News Paper"The Economic Revolution" I have written following lines under the heading of 

"Nifty above 50,000 if Modi ji continue 

as Prime Minister of India till 2034"

It is the confidence of Indian Stock markets on our greatest Prime Minister Shri Narendra Modi ji that Nifty gained 25% from last year despite 2 violent Corona Virus attacks on India. It means that if Shri Narendra Modi ji will continue as PM of India till 2034 then Nifty will be above 50,000 because Shri Narendra Modi ji like person comes on this earth after millions of years.

Nifty above 50,000 if Modi ji continue as Prime Minister of India till 2034

Technical Analysis,Research & Weekly 

Outlook(Jun 07 to Jun 11,2021)

Nifty-Weekly Chart Analysis

(Waves structure)

Nifty-Weekly Chart (04-Jun-2021):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion after new life time high formation at 12430.50 on 20-01-2020 and Wave-A of "ABC" correction beginning

2- Wave-A (11614.50 on 03-02-2020)

3- Wave-B (12246.70 on 14-02-2020)

4- Corrective Wave-C completion and Impulsive Wave-1 beginning from 7511.10 on 24-03-2020  

5- Impulsive Wave-1 completion at 11794.30 on 31-08-2020

6- Corrective Wave-2 completion at 10790.20 on 24-09-2020

7- Impulsive Wave-3 completion after new life time top formation at 15431.8 on 16-02-2021

8- Corrective Wave-4 completion at 14151.4 on 22-04-2021

9- Impulsive Wave-5 continuation with recent high and new life time top formation at 15,733.60 on 04-06-2021

10- Weekly white Candle formation at life time highest 

Conclusions from Weekly chart

analysis(Waves structure)

As Weekly white Candle formation at life time highest and no selling pattern formation on weekly charts therefore indications of on going impulsive Wave-5 continuation in the coming weeks and months. It should also be kept in mind that Short to Intermediate Term corrections are parts of Bullish rallies and those will also be seen time to time but rally will remain continued.

Nifty-EOD Chart Analysis

(MACD & Stochastic)

Nifty-EOD Chart (04-Jun-2021):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 continuation with recent high and new life time top formation at 15,733.60 on 04-06-2021

2- Stochastic %K(5) is at 85.38 & %D(3) is at 85.10

3- Stochastic- Stochastic- %K(5) line and %D(3) line are kissing Overbought zone

4- Stochastic is showing negative divergence in over bought zone through moving down when Nifty is moving up.

5- In MACD- MACD line is above Average line and its both lines are rising in positive zone.

 

Conclusions from EOD chart analysis

(Stochastic & MACD)

Although MACD is showing up trend through MACD line is above Average line and its both lines are rising in positive zone but Short Term indicator Stochastic is showing stronger indications of Short Term correction because;-

1- Both %K(5) line and %D(3) line are kissing Overbought zone

2- Stochastic is showing negative divergence in over bought zone

Therefore fresh selling patterns on intraday and EOD charts in the beginning of next week will mean 

Short Term correction will be seen in next week.

Nifty-Last 2 Sessions

intraday charts analysis

Nifty-Intra Day Chart (Jun 03 & Jun 04,2021):-

Technical Patterns formation in last 2 Sessions intraday charts

1- Selling at higher levels on 03-06-2021

2- Down moves in Bullish Falling Channel on 03-06-2021

3- Up moves with downward corrections on 03-06-2021 

4- Up moves in Bearish Rising Channel on 04-06-2021

5- Sharp fall on 04-06-2021

6- Up moves in Bearish Rising Channel on 04-06-2021

7- Down moves in Bullish Falling Channel on 04-06-2021

8- Up moves in Bearish Rising Channel on 04-06-2021 

9- 2 Sessions actual trading between 15611-15733 

Conclusions from 2 Sessions

intra day chart analysis 

As both consolidation and selling patterns formations in last 2 sessions and Nifty closed also in the middle of last 2 sessions trading range(15611-15733) therefore expected that Nifty will firstly trade and prepare for next decisive moves within it. Firstly sustaining it beyond should be watched in the beginning of next week for rally continuation above 15733 and first indication of Short Term correction beginning below 15611.

 

Conclusions

(After Putting All Studies Together)

It is the confidence of Indian Stock markets on our greatest Prime Minister Shri Narendra Modi ji that Nifty gained 25% from last year despite 2 violent Corona Virus attacks on India. It means that if Shri Narendra Modi ji will continue as PM of India till 2034 then Nifty will be above 50,000 because Shri Narendra Modi ji like person comes on this earth after millions of years.

All trends are up and strong rally continuation with new life time highest formations as well as no indication of its completion yet. 

As Short Term indicator Stochastic is showing Short Term correction signals and last 2 sessions intraday charts are also showing some intraday selling patterns formations therefore if more intraday selling develops in the beginning of next week then Short Term correction will be seen and its first indication will be sustaining below last 2 sessions lowest(15611) which should be firstly watched if correction starts in next week.   

 Firstly watch levels for next 

decisive moves confirmations

Nifty-Intra Day Chart Analysis & 

Market Outlook(04-06-2021)

Nifty-Intra Day Chart (03-Jun-2021):-

Technical Patterns formation in today intraday charts

1- Selling at higher levels

2- Down moves in Bullish Falling Channel

3- Up moves with downward corrections

4- Whole day actual trading between 15611-15705

Conclusions from intra day chart analysis 

Although strong opening but selling developed therefore down moves were seen. As these first 4 hours Down moves in Bullish Falling Channel and consolidation developed therefore up moves were seen in last 2 hours.

Last hours Up moves were with downward corrections but some selling was also seen in last half hour therefore whole day today trading will be understood with some selling at higher levels and lower levels good consolidation.

As both both intraday buying selling today therefore Nifty will firstly trade and prepare for next decisive moves within today trading range(15611-15705) and finally sustaining it beyond will be its confirmations hence should be firstly watched tomorrow.

Rally continuation

Nifty-Intra Day Chart Analysis & 

Market Outlook(03-06-2021)

Nifty-Intra Day Chart (02-Jun-2021):-

Technical Patterns formation in today intraday charts

1- More than 5 hours consolidation between 15460-15537(immediate supports)

2- Strong up moves in last hour

3- Whole day actual trading between 15460-15597

Conclusions from intra day chart analysis 

As some selling yesterday therefore Short Term correction was told and Nifty traded almost whole day in negative zone today but follow up selling was not seen. More than 5 hours consolidation between 15460-15537 today and it will be immediate supports hence rally will remain continued tomorrow and until complete selling will not develop till then Nifty will not sustain below today lowest(15460).

Today lowest will confirm for Short Term correction beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(02-06-2021)

Nifty-Intra Day Chart (01-Jun-2021):-

Technical Patterns formation in today intraday charts

1- Volatility in first hour

2- 5 Hours sideways trading between 15529-15615

3- Whole day actual trading between 15529-15660

Conclusions from intra day chart analysis 

Following lines were told at 12:23 AM on 01-06-2021 in " Rally continuation amid 

Short Term correction possibility":-

1- rally continuation is expected

2- Short Term correction may be seen any day and its first signal will be sustaining below today highest after fresh selling near about it.

Although Nifty moved up 72 points after positive opening but not sustaining at higher levels and slipped fast hence first hour trading will be understood with volatility. 

As 5 Hours sideways trading between 15529-15615 and Nifty hovered around last Friday highest(15606) as well as some selling was seen within this range therefore sustaining below today lowest(15529) will mean Short Term correction beginning which should be firstly watched tomorrow for its confirmations.

 Rally continuation amid 

Short Term correction possibility

Nifty-Intra Day Chart Analysis

(31-May-2021)

Nifty-Intra Day Chart (31-May-2021):-

Technical Patterns formation in today intraday charts

1- Whole day up moves with downward corrections

2- Whole day actual trading between 15374-15606

Conclusions from intra day chart analysis 

As whole day up moves with downward corrections and intraday selling patterns were not seen therefore rally continuation is expected but Short Term indicators are Overbought hence Short Term correction may be seen any day and its first signal will be sustaining below today highest after fresh selling near about it.

 Bullish Rally continuation with only a Short Term correction possibility

Technical Analysis,Research & Weekly 

Outlook(May 31 to Jun 04,2021)

Nifty-EOD Chart Analysis 

(Waves structure)

Nifty-EOD Chart (28-May-2021):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-C completion and Impulsive Wave-1 beginning from 7511.10 on 24-03-2020  

2- Impulsive Wave-1 completion at 11794.30 on 31-08-2020

3- Corrective Wave-2 completion at 10790.20 on 24-09-2020

4- Impulsive Wave-3 completion after new life time top formation at 15431.8 on 16-02-2021

5- Corrective Wave-4 completion at 14151.4 on 22-04-2021

6- Impulsive Wave-5 continuation with recent high and new life time top formation at 15469.65 on 28-05-2021

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-5 of that Waves structure continuation which started from 7511.10 on 24-03-2020. As previous life time top of Wave-3(15431.8) broken out and new life time top formation at 15469.65 on 28-05-2021 as well as no selling patterns formation on EOD charts therefore Impulsive Wave-5 will remain continued. 

Nifty-EOD Chart Analysis

(Wave-4 Wave structure)

Nifty-EOD Chart (28-May-2021):-

Technical Patterns and Formations in EOD charts

1- 73 sessions Bullish flag upward broken out confirmations

2- Impulsive Wave-3 completion at 15431.8 on 16-02-2021 and Wave-A of Wave-4 beginning

3- Wave-A completion at 14467.8 on 26-02-2021

4- Wave-B completion at 15336.3 on 12-03-2021

5- Corrective Wave-C of Wave-4 completion at 14151.4 on 22-04-2021 and Impulsive Wave-5 beginning  

6- Impulsive Wave-5 continuation with recent high and formation at 15469.65 on 28-05-2021

Conclusions from EOD chart analysis

(Wave-4 structure)

As 73 sessions "ABC" correction of Wave-4 was with Bullish flag formation and deeper correction like 2020 was not seen despite too much worse condition of Corona in India therefore upward broken out of Bullish Flag was seen after Wave-4 completion at 14151.4 on 22-04-2021.

Impulsive Wave-5 formations confirmations with 73 sessions like big trading range broken out therefore it will remain continued in the coming weeks/months. As Short to Intermediate Term corrections are the nature of Bull markets and those will be seen time to time but rally will remain continued. 

Nifty-EOD Chart Analysis 

(MACD & Stochastic)

Nifty-EOD Chart (28-May-2021):-

Technical Patterns and Formations in EOD charts

1- 73 sessions Bullish flag upward broken out confirmations

1- Stochastic %K(5) is at 91.18 & %D(3) is at 88.42

2- Stochastic- %K(5) line has intersected %D(3) line upward and both lines rising in Overbought zone

3- MACD line is above Average line and its both lines are rising in positive zone.

 

Conclusions from EOD chart analysis

(Stochastic & MACD)

As last 6 sessions continuous up moves and any correction not seen therefore Short Term Indicator Stochastic has turned completely Overbought and ready for Short Term correction but clear selling patterns have not been seen on Eod charts yet therefore let it happen first then it will be seen.

As rally continuation and in MACD Indicator both lines are moving upward in positive zone after MACD line upward intersection of Average line therefore it is showing up trend and rally continuation possibilities.

Conclusions

(After Putting All Studies Together)

All the trends are up,impulsive Wave-5 continuation and no indication of its completion on EOD charts. 

Indian markets have shown huge strength because any type of Wave-4 big correction was not seen despite devastating Corona condition in India therefore Indian markets will be understood completely Bullish and impulsive Wave-5 Rally will remain continued.

Although Short Term Indicator Stochastic has turned completely Overbought and ready for Short Term correction but no big indication of any correction on EOD charts except Doji Candle formation last Friday. Let clear selling patterns develop and Nifty to sustain below last Friday lowest(15395) then Short Term correction will be considered and now it is on cards also because sentiment is too much heated after last 26 sessions strong rally.

 Last resistances will confirm 

next decisive moves

Nifty-Intra Day Chart Analysis & 

Market Outlook(28-05-2021)

Nifty-Intra Day Chart (27-May-2021):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Consolidation between 15280-15296

3- Selling between 15334-15360

4- Consolidation between 15273-15307

5- Sharp up in last half hour

6- Whole day actual trading between 15273-15384

Conclusions from intra day chart analysis 

As good selling at higher levels yesterday therefore firstly consolidation was seen through Down moves in Bullish Falling Channel and between 15280-15296 then up moves were seen. 

Although higher levels selling developed and after that down moves with new intraday lowest formation also but again lower levels consolidation developed between 15273-15307 therefore sharp up in last half hour. Last resistances of Nifty are between 15335-15421 and fresh selling within this range,consolidation below it and closing was seen within it today. 

As both intraday buying selling therefore whole day today trading will be understood with Mixed Patterns formation hence Nifty will firstly trade and prepare for next decisive moves between 15273-15421 and finally sustaining below 15273 will confirm short term correction and sustaining above 15421 will mean strong rally with new life time highest formations.

Post-open Outlook(27-05-2021)

As sellinmg yesterday therefore firstly Nifty slipped and consolidated first 30 minutes in negative zone then moves up. CNXIT is trading more than 1.5% up and at new life time highest also therefore sentiment boosted and up moves are being seen today. 

Last resistances of Nifty are between 15335-15421 and Nifty is now trading within this range. This range break out will confirm short term correction below 15335 and strong rally above 15421.

 Slipping below today lowest

Nifty-Intra Day Chart Analysis & 

Market Outlook(27-05-2021)

Nifty-Intra Day Chart (26-May-2021):-

Technical Patterns formation in today intraday charts

1- Up moves with downward corrections

2- More than 4 hours up moves in Bearish Rising Channel

3- Whole day actual trading between 15195-15319

Conclusions from intra day chart analysis 

Although first 2 hours some buying through up moves with downward corrections but last more than 4 hours good selling through up moves in Bearish Rising Channel therefore expected that Nifty will not sustain above 15300 and will slip below today lowest(15195) despite today closing was near the higher levels of the day with 93 gains and above 15300. 

As Dow Jones Futures is now trading more than with 90 points gains and European markets are also flat as well as most Asian markets closed in Green today therefore some volatility may be seen tomorrow morning but expected that finally Nifty will slip below 15195 tomorrow.

 Levels will confirm next 

Short Term moves

Nifty-Intra Day Chart Analysis & 

Market Outlook(26-05-2021)

Nifty-Intra Day Chart (25-May-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 15233-15293

2- Down moves in Bullish Falling Channel

3- Sideways trading between 15198-15221

4- Whole day actual trading between 15164-15293

Conclusions from intra day chart analysis 

Following lines were told at 12:39 AM on 25-05-2021 in " Firstly watch today trading range for next Short Term moves confirmations":-

expected that Nifty will trade and prepare for next decisive moves within today trading range

Yesterday trading range was 15146-15256 and Nifty traded in last 3 hours as well as closed within this range at 15208.45 today

As all the Asian markets were trading with good gains today morning therefore strong opening of Indian markets but selling developed hence down moves were seen in Mid-session. As these down moves were in Bullish Falling Channel therefore supports formations at lower levels and last hour sideways trading between 15198-15221 after little up moves

Both higher levels selling and lower levels supports therefore today trading will also be understood with Mixed Patterns formation like yesterday therefore Nifty will trade and prepare for next decisive moves within last 2 sessions trading range(15146-15293) and finally sustaining beyond this range will confirm next Short Term moves which should be firstly watched in the coming sessions. 

 Firstly watch today trading range for next Short Term moves confirmations

Nifty-Intra Day Chart Analysis & 

Market Outlook(25-05-2021)

Nifty-Intra Day Chart (24-May-2021):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Selling between 15201-15229

3- Down moves in Bullish Falling Channels

4- Consolidation between 15189-15214

5- Volatility in last hours

6- Down moves in Bullish Falling Channel

7- Whole day actual trading between 15146-15256

Conclusions from intra day chart analysis 

As whole day trading was with both consolidation and selling patterns formations and Volatility in last hours also therefore whole day today trading will be understood with Mixed Patterns formation between 15189-15214 therefore expected that Nifty will trade and prepare for next decisive moves within today trading range and finally sustaining beyond today trading range will confirm next Short Term moves which should be firstly watched tomorrow.