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.