NIFTY Opened made open high and came under selling pressure iniatial 15 min
then a sudden short recovery came and couldnt break the first 15 min closing price
after 1 hr it clear its high price and and market tends to move up but facing multiple resisitance
it did gave bo at a point but the resisitance came uprontly and given small profit
buyer tends to take big proft from last couple of days so buyers coulnt get one single big move
even the volatility in the confirmation candle so high so that the buyers faced difficult to execute
looking from past week price action buyers expectation for a big profit may not fulfilled and seller opt their way
1st hr high broken upside and facing multiple resistance + 15 min first candle close price not breaked was itself a srangebound scenario didnt give a well expected move
so this is just a analysis for nifty througout day based on price action views personal
then a sudden short recovery came and couldnt break the first 15 min closing price
after 1 hr it clear its high price and and market tends to move up but facing multiple resisitance
it did gave bo at a point but the resisitance came uprontly and given small profit
buyer tends to take big proft from last couple of days so buyers coulnt get one single big move
even the volatility in the confirmation candle so high so that the buyers faced difficult to execute
looking from past week price action buyers expectation for a big profit may not fulfilled and seller opt their way
1st hr high broken upside and facing multiple resistance + 15 min first candle close price not breaked was itself a srangebound scenario didnt give a well expected move
so this is just a analysis for nifty througout day based on price action views personal