Finally Nifty will fall after
follow up selling
Nifty-Intra Day Chart Analysis &
Market Outlook(21-10-2020)
Nifty-Intra Day Chart (20-Oct-2020):-
Technical Patterns formation in today intraday charts
1- Selling Patterns formation between 11886-11949
2- Whole day actual trading between 11838-11949
Conclusions from intra day chart analysis
As whole day selling Patterns formation between 11886-11949 today therefore Nifty will not sustain above today highest(11949) and finally Nifty will fall below today lowest(11838) after follow up selling in the coming 1/2 sessions despite Dow Jones is now trading more than 250 points up and SGX Nifty is also now 51 points up.