Down moves towards next supports

Nifty-Intra Day Chart Analysis & 

Market Outlook(26-02-2021)

Nifty-Intra Day Chart (25-Feb-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 15130-15170

2- Selling between 15125-15176

3- Consolidation between 15066-15094

4- Whole day actual trading between 15066-15176

Conclusions from intra day chart analysis 

Pull Back Rally was told from 23-02-2021 and after that more than 450 points strong rally was seen in last 3 sessions. 

Although lower levels some consolidation but higher levels good selling therefore firstly sustaining below today lowest(15066) should be watched tomorrow for the completion confirmation of that rally which started on 23-02-2021.

As next supports below today lowest are between 14652-14763 therefore expected down moves will be considered towards these supports.

 As busy therefore Stock Market Outlook of today(25-02-2021) is not being updated.

Levels will confirm next decisive moves

 Nifty-Intra Day Chart Analysis & 

Market Outlook(24-02-2021)

Nifty-Intra Day Chart (23-Feb-2021):-

Technical Patterns formation in today intraday charts

1- Volatility in first 2 hours

2- More than 4 hours sideways trading between 14675-14787

3- Whole day actual trading between 14652-14854

Conclusions from intra day chart analysis 

Following conclusive line was told at 07:55 AM on 23-02-2021 in "Pull Back Rally expectations":-

Pull Back Rally will be considered

As was told 100% same happened and Nifty moved up 179 Points in first 30 minutes today.

Although more than 200 points volatility in first 2 hours but after that quiet market and more than 4 hours sideways trading between 14675-14787. 

As consolidation patterns were also seen in last 4 hours sideways trading therefore until complete selling patterns will not develop till then Nifty will not sustain below today lowest. Follow up consolidation tomorrow will mean strong rally and it is expected also. 

Expected that Nifty will firstly trade and prepare for next decisive moves between 14675-14787 and finally sustaining it beyond will confirm following next decisive moves:-

1- Below 14675 will mean correction towards next supports(14504-14615)

2- Above 14787 will mean Pull Back rally continuation above today highest.

 Pull Back Rally expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(01-02-2021)

Nifty-Intra Day Chart (01-Feb-2021):-

Technical Patterns formation in today intraday charts

1- Down moves with upward corrections

2- Down moves in Bullish Falling Channel in last 45 minutes

3- Whole day actual trading between 14636-15010

Conclusions from intra day chart analysis 

Following lines were told on 20-02-2021 in "Firstly watch next supports for the life of on going correction":-

1- More down moves expectations in next week

2- correction continuation towards following those next supports which were posted in previous weekly Outlook also:-

1- 14811-14913

2- 14717-14765

3- 14504-14615

As was told 100% same happened and correction remained continued below 2nd supports in the beginning of this week.

As whole day down moves with upward corrections are suggesting that continuous selling development hence more than 2% down moves were seen after positive opening.

Although closing was near the lower levels of the day but last 45 minutes down moves in Bullish Falling Channel therefore Pull Back Rally will be considered because Very Short Term indicators have also turned Oversold after last 5 sessions down moves.