Rally continuation towards last resistances Nifty
Nifty-Intra Day Chart Analysis &
Market Outlook(06-10-2021)
Nifty-Intra Day Chart (05-Oct-2021):-
Technical Patterns formation in today intraday charts
1- Consolidation between 17641-17704
2- Sharp up
3- Up moves with downward corrections
4- Whole day actual trading between 17641-17833
Conclusions from intra day chart analysis
As US markets closed more than 300 points down yesterday therefore sentiment was dampened today morning hence weaker opening of Indian marekts but consolidation developed.
Firstly more than 3 hours consolidation and after that sharp up moves as well as last more than Two and half hours up moves with downward corrections therefore whole day good buying will be understood and on going rally continuation will be seen towards last resistances(17907-17943) of Nifty tomorrow.