Levels will confirm next
decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(16-06-2021)
Nifty-Intra Day Chart (15-Jun-2021):-
Technical Patterns formation in today intraday charts
1- Whole day sideways trading
2- Higher levels selling
3- Lower levels some supports
4- Down moves in Bullish Falling Channels
5- Whole day actual trading between 15855-15901
Conclusions from intra day chart analysis
Although whole day Green zone trading after gap up opening and closing also with 0.36% gains but both consolidation and selling patterns were seen within sideways trading range(15855-15901) today.
As Mixed Patterns formation between 15855-15901 today therefore firstly Nifty will have to trade and prepare for next decisive moves within and near about today trading range as well as sustaining it beyond will confirm it hence should be firstly watched tomorrow.