Pull Back rally expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(09-03-2022)
Nifty-Intra Day Chart (08-Mar-2022):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Up moves with downward corrections
3- Whole day actual trading between 15672-16028
Conclusions from intra day chart analysis
Some supports were seen also above 15712 yesterday and fresh consolidation was seen below and above it today through Down moves in Bullish Falling Channel therefore up moves were seen in last 2 hours and today closing was at the top of the day. As these up moves were with downward corrections also hence whole day good intraday consolidation will be understood and Pull Back rally will be seen tomorrow if any big negative development does not happen on Russia-Ukraine war front.