Levels will confirm next
decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(05-10-2021)
Nifty-Intra Day Chart (04-Oct-2021):-
Technical Patterns formation in today intraday charts
1- Strong up moves after gap up opening
2- Mixed Patterns formation with volatility between 17650-17750
3- Whole day actual trading between 17581-17750
Conclusions from intra day chart analysis
Following lines were told on 02-10-2021 in "Firstly watch last 19 sessions trading range for the life and size correction":-
1- Resistances are as follows:-
A- 17638-17685
B- 17678-17742
2- consolidation will be understood and resultant some up moves will be seen in the beginning of next week.
As was told 100% same happened and up moves were seen after gap up opening but last more than 5 hours volatile trading within 100 points was with Mixed Patterns formation between 17650-17750 and that was almost within above mentioned resistances(17638-17742) also therefore firstly sustaining beyond 17638-17750 should be watched tomorrow for the life of today started fresh up moves after previous week correction.
Next moves after sustaining beyond 17638-17750 will be towards following supports and resistances:-
Supports below 17638 are as follows:-
A- 17462-17486
B- 17360-17411
C- 17280-17305
Resistances above 17750 are as follows:-
A- 17755-17781
B- 17822-17896
C- 17907-17943