Sideways trading expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(28-07-2021)
Nifty-Intra Day Chart (27-Jul-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 15828-15881
2- Down moves with upward corrections
3- Consolidation between 15711-15736
4- Whole day actual trading between 15701-15881
Conclusions from intra day chart analysis
Although strong opening but selling developed therefore down moves were seen which were with upward corrections hence sharp fall also seen in Mid-session. As lower levels consolidation also in last hours therefore some up moves can not be ruled out towards 15828 and sideways trading is expected between 15701-15828 tomorrow.