Firstly watch 17322 for on going
rally continuation confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(30-03-2022)
Nifty-Intra Day Chart (29-Mar-2022):-
Technical Patterns formation in today intraday charts
1- More than 5 hours sideways trading between 17236-17322
2- sharp up moves
3- Whole day actual trading between 17236-17343
Conclusions from intra day chart analysis
Following last 2 resistances of previous 6 sessions was posted on 26-03-2022 in "Finally 17007-17442 will confirm next big moves":-
1- 17248-17307
2- 17331-17424
Firstly Nifty traded more than 5 hours sideways between 17236-17322 which was within and about after that above mentioned first resistance range(17248-17307) and after that sharp up moves were seen in last hour.
Although today closing was at the top of the day but clear consolidation patterns were not seen within 5 hours sideways trading(17236-17322) therefore firstly sustaining above 17322 should be watched tomorrow for on going rally continuation confirmations.