15916-15859 will confirm next
decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(15-07-2022)
Nifty-Intra Day Chart (14-Jul-2022):-
Technical Patterns formation in today intraday charts
1- Selling between 16021-16070
2- Mixed Patterns formation between 15937-15979
3- Consolidation between 15859-15916
4- Whole day actual trading between 15859-16070
Conclusions from intra day chart analysis
Although firstly up moves after positive opening but after that selling developed therefore not sustained at higher levels and down moves were seen which remained continued till last hours,
As Mixed Patterns formation in Mid-session and after that lower levels consolidation in last hours therefore up moves are expected in the coming sessions.
Dow Jones is trading 01.18% down at this moment and such weaker US markets today closing will mean sentimental weakness tomorrow morning and in reaction Indian markets may also open in Red but lower levels consolidation was seen today therefore sustaining beyond 15916-15859 should be watched tomorrow for next decisive moves beginning confirmations.