Up moves towards immediate resistance
Nifty-Intra Day Chart Analysis &
Market Outlook(07-10-2021)
Nifty-Intra Day Chart (06-Oct-2021):-
Technical Patterns formation in today intraday charts
1- More than 3 hours selling between 17816-17884(immediate resistances)
2- Down moves in Bullish Falling Channels in last 2 hours
3- Whole day actual trading between 17614-17884
Conclusions from intra day chart analysis
Following lines were told on 05-10-2021 in "Rally continuation towards last resistances Nifty":-
on going rally continuation will be seen towards last resistances(17907-17943) of Nifty tomorrow.
As was told 100% same happened and rally remain continued up to 17884.60 and then down moves started which remain continued till last minutes.
Although firstly more than 3 hours selling between 17816-17884 but Down moves were in Bullish Falling Channels in last 2 hours after that also therefore some up moves will be seen towards immediate resistance(17816) tomorrow and finally sustaining it beyond will confirm the life of today started correction.