Follow up selling tomorrow will mean
Short Term correction
Nifty-Intra Day Chart Analysis &
Market Outlook(05-08-2021)
Nifty-Intra Day Chart (04-Aug-2021):-
Technical Patterns formation in today intraday charts
1- Selling Patterns formation between 16239-16290
2- Whole day actual trading between 16177-16290
Conclusions from intra day chart analysis
Although strong opening and 0.79% Green closing also after whole day positive zone trading but higher levels clear selling Patterns formation between 16239-16290 therefore follow up selling tomorrow will mean Short Term correction will be seen below today lowest(16177) and towards 16000.