Firstly watch levels for next decisive moves beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(17-03-2021)
Nifty-Intra Day Chart (16-Mar-2021):-
Technical Patterns formation in today intraday charts
1- Sideways trading between 14941-15009
2- Sharp up
3- Selling between 15025-15051
4- Selling between 14978-14991
5- Sharp fall
6- Consolidation between 14891-14944
7- Whole day actual trading between 14891-15051
Conclusions from intra day chart analysis
Although rally remained continued and gained more than 120 points also after positive opening but higher levels selling developed and follow up selling was seen in Mid-session also therefore closing with minor losses after last hours negative zone trading.
As lower levels some consolidation was also seen in last hours therefore today trading will be understood with Mixed Patterns formation between 14891-15051 and finally sustaining it beyond should be firstly watched in the coming sessions for next decisive moves beginning confirmations.