Rally towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(03-12-2021)
Nifty-Intra Day Chart (02-Dec-2021):-
Technical Patterns formation in today intraday charts
1- Up moves after flat opening
2- 4 Hours consolidation between 17284-17374
3- Sharp up moves in last hours
4- Whole day actual trading between 17150-17420
Conclusions from intra day chart analysis
Although US crash led depressed sentiment in the morning but Indian markets moved into Green and traded will good gains after flat opening because good intraday consolidation was seen one day before.
As 4 Hours consolidation between 17284-17374 in the Mid-session therefore sharp up moves were seen in last hours which will remain continued towards next resistances(17509-17600) in the coming sessions.