Just watch sustaining beyond next resistance range amid upward moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(17-06-2026)
Nifty-Intra Day Chart (16-Jun-2026):-
Technical Patterns formation in today intraday charts
1- Consolidation between 23889-23954
2- Up moves with downward corrections
3- Whole day trading between 23889-24002
Conclusions from intra day chart analysis
As good intraday selling was seen below 24008 yesterday therefore whole day today trading was seen below it and also Nifty closed below it at 23989.15 today after whole day trading within yesterday trading range(23818-24011). Firstly consolidation was seen between 23889-23954 and after that Upward moves were with downward corrections which is a consolidation pattern therefore upward moves are expected towards next resistance range(24032-24089) and firstly sustaining beyond this resistance range should be watched tomorrow for next intraday decisive moves beginning confirmations.