Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(26-02-2021)
Nifty-Intra Day Chart (25-Feb-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 15130-15170
2- Selling between 15125-15176
3- Consolidation between 15066-15094
4- Whole day actual trading between 15066-15176
Conclusions from intra day chart analysis
Pull Back Rally was told from 23-02-2021 and after that more than 450 points strong rally was seen in last 3 sessions.
Although lower levels some consolidation but higher levels good selling therefore firstly sustaining below today lowest(15066) should be watched tomorrow for the completion confirmation of that rally which started on 23-02-2021.
As next supports below today lowest are between 14652-14763 therefore expected down moves will be considered towards these supports.