Levels will confirm next
Short term trend
Nifty-Intra Day Chart Analysis &
Market Outlook(13-08-2021)
Nifty-Intra Day Chart (12-Aug-2021):-
Technical Patterns formation in today intraday charts
1- Whole day slow up moves
2- Whole day actual trading between 16287-16375
Conclusions from intra day chart analysis
Selling was seen between 16301-16359 on 10-08-2021 and Nifty traded within this range with slow up moves almost whole day today.
As clear buying and selling patterns were not seen between 16287-16375 today therefore firstly sustaining it beyond should be watched tomorrow for next Short term trend confirmations.