Today support levels will confirm
size of correction
Nifty-Intra Day Chart (06-Jan-2022):-
Technical Patterns formation in today intraday charts
1- 250 Points crash in first 20 minutes
2- Support between 17656-17727
3- Volatility in last hours between 17730-17789
4- Whole day actual trading between 17656-17797
Conclusions from intra day chart analysis
As Short Term indicators have turned completely Overbought and intraday selling patterns were also seen yesterday therefore 250 points crash in first 20 minutes but after that somo supports at lower levels hence some up moves developed in last hours which also could not sustain.
Correction of Pull Back rally begun today and today support levels(17656-17727) will confirm the size of that correction which has begun today.