Rally continuation expectations amid higher levels Profit booking possibilities
Nifty-Intra Day Chart Analysis &
Market Outlook(14-10-2021)
Nifty-Intra Day Chart (13-Oct-2021):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 18051-18197
Conclusions from intra day chart analysis
As whole day up moves with downward corrections and selling patterns were not seen therefore rally continuation is expected but Short Term indicators have turned over bought hence remain cautious and sustaining above today highest(18197) should also be watched because some higher levels Profit booking can not be ruled out in today like heated sentiments.