Sideways market expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(22-10-2021)
Nifty-Intra Day Chart (21-Oct-2021):-
Technical Patterns formation in today intraday charts
1- Down moves with continuous selling
2- Down moves in Bullish Falling Channels
3- Up moves with downward corrections
4- Whole day actual trading between 18048-18384
Conclusions from intra day chart analysis
Although firstly almost 2 hours down moves with continuous selling after positive opening but after that more than 2 hours down moves were in Bullish Falling Channels therefore some recovery was seen from lower levels in last hours which were with downward corrections also.
As both higher levels selling and lower levels buying therefore sideways market is expected within today trading range(18048-18384) tomorrow.