15674 will confirm correction
towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(24-06-2021)
Nifty-Intra Day Chart (23-Jun-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 15781-15820
2- Selling between 15732-15783
3- Minor supports in last hour between 15674-15707
4- Whole day actual trading between 15674-15862
Conclusions from intra day chart analysis
Following 3 resistances were posted on 19-06-2021 in "Crucial level will confirm next trend":-
A- 15716-15744(Strong resistances)
B- 15770-15835
C- 15873-15894
Nifty hovered around above 3 resistances in last 2 sessions and closed below it at 15686.95 today after fresh selling in both previous sessions therefore these 3 resistances have been strengthened and until complete consolidation will not develop till then Nifty will not sustain above 15900.
As minor supports were seen in last hour between 15674-15707 therefore only sustaining below it should be watched tomorrow for correction continuation towards following next supports:-
A- 15618-15647
B- 15542-15586
C- 15460-15537(Strong supports)