Today trading range break out/down will confirm next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(15-12-2021)
Nifty-Intra Day Chart (14-Dec-2021):-
Technical Patterns formation in today intraday charts
1- 120 Points slipping in first minute
2- Lower levels consolidation through Down moves in Bullish Falling Channels
3- Volatility and not sustaining at higher levels
4- 3 Times sharp up moves
5- 2 Times sharp falls
6- Whole day actual trading between 17226-17376
Conclusions from intra
day chart analysis
As both consolidation and distribution patterns formations and both sharp up/down moves as ell as higher levels volatility therefore today trading will be understood with Mixed Patterns formation 17226-17376 hence expected that 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.