June 18, 2021

NIFTY intraday charts

5 min charts:
- highlighted range refers to prev day high low.
- open was a red bar near prev day high
- there were multiple sell signals at 15700 F and 15625 F
- these are marked as arrows
- buy signal was on close above 15600 F

- next week, 15750 F is an important resistance
- sustaining above this will be bullish

Intraday action is more clear on 3 min charts

- Hourly charts show why markets took support at 15450 spot
- this level was incidentally the top in FEB 2021

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