Short Term correction will begin
Nifty-Intra Day Chart Analysis &
Market Outlook(18-01-2022)
Nifty-Intra Day Chart (17-Jan-2022):-
Technical Patterns formation in today intraday charts
1- Up moves in Bearish Rising Channel
2- Selling between 18292-18321
3- Whole day actual trading between 18228-18321
Conclusions from intra day chart analysis
As firstly up moves in Bearish Rising Channel and after that higher levels good selling therefore Short Term correction will begin without sustaining above today highest(18321) despite today closing at the top of on going Pull Back rally.