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 14712 will confirm  sharp fall
Nifty-Intra Day Chart Analysis & 
Market Outlook(08-04-2021)
Nifty-Intra Day Chart (07-Apr-2021):-
Technical Patterns formation in today intraday charts

1- Pre RBI Credit Policy sideways trading between 14717-14805
2- Jump after accommodative stance extension by RBI 
3- Post RBI Credit Policy sideways trading between 14777-14879
4- Whole day actual trading between 14650-14879

Conclusions from intra day chart analysis 

Selling was seen between 14712-14787 in last 2 sessions and Nifty traded sideways within and little above it up to 14805 before  RBI Credit Policy.

As accommodative stance extension by RBI therefore Nifty jumped and last 4 hours trading was sideways seen 14777-14879.

Although today closing was 132 points up but some selling was also seen therefore if fresh selling develops tomorrow then sharp fall will be seen in the coming sessions and its confirmation will be sustaining below 14712.
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