Rally continuation after Very Short
Term/intrday correction
Nifty-Intra Day Chart Analysis &
Market Outlook(17-09-2021)
Nifty-Intra Day Chart (16-Sep-2021):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 17511-17644
Conclusions from intra day chart analysis
As whole day up moves with downward corrections and intraday selling patterns were not seen as well as closing at new life highest therefore on going rally continuation expectations but Short Term indicators are Overbought and sentiment have turned heated also therefore Very Short Term/intrday correction may be firstly seen.