Firstly watch 15620-15707 for
next decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(22-06-2022)
Nifty-Intra Day Chart (21-Jun-2022):-
Technical Patterns formation in today intraday charts
1- Consolidation between 15420-15472
2- Sharp up
3- Consolidation between 15645-15613
4- Sideways trading in last 3 hours between 15620-15707
5- Whole day actual trading between 15420-15707
Conclusions from intra day chart analysis
Following conclusive line was told on 18-06-2022 in "Relief rally possibility after previous week crash":-
relief rally possibility after previous week crash
Following lines were told on 20-06-2022 in "Today started up moves continuation expectations":-
up moves were seen in last hour and its continuation is expected in the coming sessions also.
As was told 100% same happened and up moves were seen in both previous sessions of this week in following manner:-
1- Nifty gained 56 points yesterday.
2- Nifty gained 288 points today.
As firstly consolidation after gap up opening therefore sharp up moves were seen after that and follow up consolidation developed in Mid-Session also. Although 1.88% positive closing but very Short Term indicators have turned Over bought after today strong rally and higher levels some profit booking was seen therefore Nifty slipped 87 points from higher levels in last hour.
Last 3 hours sideways trading between 15620-15707 and higher levels some profit booking also therefore firstly sustaining beyond this range should be watched tomorrow for next decisive moves beginning.