Rally continuation with little
deeper corrections possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(24-09-2021)
Nifty-Intra Day Chart (23-Sep-2021):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 17647-17843
Conclusions from intra day chart analysis
As FOMC announcements led strong US markets rally yesterday and Dow Jones Futures was trading more than 100 points up today morning also therefore most Asian markets were trading with good gains hence strong opening of Indian markets today morning.
Whole day today up moves were with downward corrections and today closing was at life time highest after new life time top formations and intraday selling patterns were not seen therefore rally will remain continued. As sentiment has turned heated after strong rally of today therefore little deeper corrections may also be seen.