Pull Back Rally continuation
towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(17-03-2022)
Nifty-Intra Day Chart (16-Mar-2022):-
Technical Patterns formation in today intraday charts
1- Consolidation between 16838-16943
2- Sharp up in last half hour
3- Whole day actual trading between 16838-16987
Conclusions from intra day chart analysis
As good intraday consolidation till 03:00 PM between 16838-16943 which was well above last 11 sessions highest(16815) therefore sharp up moves were seen in last half hour and it suggests that on going Pull Back Rally will remain continued tomorrow also towards following next resistances:-
A- 17156-17220
B- 17290-17417