Levels will generate first signal of next big moves
Nifty-Intra Day Chart Analysis &
Market Outlook(24-03-2021)
Nifty-Intra Day Chart (23-Mar-2021):-
Technical Patterns formation in today intraday charts
1- Loan moratorium judgement led volatility
2- Up moves with downward corrections
3- Down moves in last hour
4- Whole day actual trading between 14707-14878
Conclusions from intra day chart analysis
As loan moratorium judgement in Supreme Court at 10:30 AM today therefore high volatility was seen during and after judgement. Although 3 hours Mid-session up moves were with downward corrections but down moves in last hour therefore whole day whole day today trading will be understood only with intraday volatility and as such one sided technical positions formations were not seen.
Good consolidation between 14598-14571 yesterday and good selling between 14761-14875 last Friday also therefore expected that Nifty will firstly trade and prepare for next decisive moves between and near about 14598-14875 tomorrow as well as finally sustaining beyond this range will generate first signal of next big moves.