Level will confirm Short/Intermediate
Term correction
Nifty-Intra Day Chart Analysis &
Market Outlook(27-07-2021)
Nifty-Intra Day Chart (26-Jul-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 15854-15881
2- Down moves in Bullish Falling Channel in last hour
3- Whole day actual trading between 15894-15797
Conclusions from intra day chart analysis
As selling between 15854-15881 in first more than 4 hours therefore down moves were seen in last hour but these down moves were in Bullish Falling Channel hence some up moves towards 15881 can not be ruled out tomorrow.
Clear selling patterns have been seen below 15900 in last 2 sessions and if fresh selling develops in the coming 1/2 sessions also then Short/Intermediate Term correction will be seen and its confirmation will be sustaining below/forceful break down of 15757.