Levels will confirm next one sided moves
Nifty-Intra Day Chart Analysis &
Market Outlook(15-09-2021)
Nifty-Intra Day Chart (14-Sep-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 17415-17438
2- Sharp fall
3- Selling between 17391-17405
4- Whole day actual trading between 17367-17438
Conclusions from intra day chart analysis
Following lines were told on 10-09-2021 in "Levels will confirm the life and size of Short Term expected correction":-
Firstly sustaining beyond/forceful break out of last 5 Sessions trading range(17213-17436) should be watched in next week for the life and size of Short Term expected correction.
1- Selling are as follows:-
A- 17339-17379
B- 17394-17436
2- Supports are as follows:-
A- 17213-17270
Nify respected above given supports and resistances in following manner in last 2 sessions:-
1- Yesterday(13-09-2021) Lowest was at 17269.20(0.80 Point below 17270)
2- Today(14-09-2021) highest is at 17438.55(02.55 Points above 17436)
Nifty got good supports between 17270-17312 yesterday and fresh selling was seen within previous resistances between 17415-17438 today. As both higher levels selling and lower levels consolidation between 17270-17438 in last 2 sessions therefore Nifty will have to trade and prepare for next decisive moves within this range in the coming sessions.
Let Nifty to trade and prepare for next one sided decisive moves then will be updated according to intraday patterns formations and finally its confirmations will be sustaining beyond last 7 sessions trading range(17213-17438) which should be watched in the coming sessions.