Correction towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(16-12-2021)
Nifty-Intra Day Chart (15-Dec-2021):-
Technical Patterns formation in today intraday charts
1- Sharp fall after flat opening
2- Up moves in Bearish Rising Channel
3- Sharp fall in last hour
4- Whole day actual trading between 17193-17351
Conclusions from intra day chart analysis
Following conclusive line was told yesterday in "Today trading range break out/down will confirm next decisive moves":-
Nifty will firstly trade and prepare for next decisive moves within and near about today trading range(17226-17376) and finally it sustaining beyond should be watched for its confirmations.
As was told yesterday 100% same happened today and Nifty traded most time between 17226-17376 as well as prepared for decisive down moves below 17226 which will be seen tomorrow through correction continuation towards following next supports:-
1- 17015-17108
2- 16953-17011