Today lowest will confirm
Short Term correction
Nifty-Intra Day Chart Analysis &
Market Outlook(07-09-2021)
Nifty-Intra Day Chart (06-Sep-2021):-
Technical Patterns formation in today intraday charts
1- Whole day trading with Mixed Patterns formation between 17346-17429
2- Whole day actual trading between 17346-17429
Conclusions from intra day chart analysis
Although whole day positive zone trading after gap up opening and Nifty closed also 54 points positive also but clear consolidation patterns were not seen and intraday selling patterns have also developed today.
As Short term indicators are showing negative divergence in Over bought zone and today intraday charts have shown some selling patterns also therefore if follow up selling develops in the coming 1/2 sessions then Short Term correction(which may be deeper also) will be seen and its confirmation will be sustaining below or forceful break down of today lowest(17346).