Watch levels for next Short Term moves beginning amid Russia and Ukraine war led uncertain news
Nifty-Intra Day Chart Analysis &
Market Outlook(15-03-2022)
Nifty-Intra Day Chart (14-Mar-2022):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections
2- Sharp up moves
3- Sideways trading between 16847-16887
4- Whole day actual trading between 16607-16887
Conclusions from intra day chart analysis
As Russian negotiator says significant progress and hints breakthrough likely in 4th round of talks between Russia and Ukraine as well as Dow Futures had traded almost whole day more than 250 points up therefore firstly Up moves were seen with downward corrections and after that Sharp up moves also developed.
Although sideways trading in last hour between 16847-16887 and selling patterns were not seen but very Short Term indicators have turned overbought therefore firstly sustaining beyond 16847-16887 should be watched tomorrow for next Short Term moves beginning amid Russia and Ukraine war led uncertain news.