Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(30-12-2021)
Nifty-Intra Day Chart (29-Dec-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 17266-17285
2- Sharp fall
3- Down moves in Bullish Falling Channel
4- Selling between 17234-17255
5- Sharp fall in last hour
6- Whole day actual trading between 17177-17285
Conclusions from intra day chart analysis
Multiple strong resistances between 17245-17332 were updated on 25-12-2021 in " Firstly watch 16411-17379 amid finally down moves expectations below it" and cautioned also in last 2 sessions outlooks for watching to sustain above 17245.
Nifty whole day hovered around 17245 today and fresh intrday selling patterns formations developed therefore sharp fall was seen 2 times despite some buying was also seen through Down moves in Bullish Falling Channel.
As higher levels good intraday selling developed
today and resultant resistances between
17245-17332 have turned stronger also therefore
down moves are expected towards
next supports(16820-16918)