17453-17805 will confirm next decisive moves/Trend
Nifty-Intra Day Chart Analysis &
Market Outlook(24-11-2021)
Nifty-Intra Day Chart (23-Nov-2021):-
Technical Patterns formation in today intraday charts
1- Sharp fall after negative opening
2- Last 6 hours up moves with downward corrections
3- Whole day actual trading between 17217-17553
Conclusions from intra day chart analysis
Following lines were told yesterday in "Watch 17453 for deeper correction confirmation amid some up moves possibility":-
up moves may be seen towards following next resistances:-
1- 17563-17590
2- 17644-17578
3- 17781-17805
As was told yesterday 100% same happened today and Nifty closed with 86.80 points gains as well as today highest was at 17553.70 which is just below next resistances(17563-17590).
Although firstly sharp fall after negative opening was seen today but immediately up moves started which remained continued with downward corrections till last hour and today closing was near the higher levels of the day.
As last 33 sessions trading range(17453-18604) was broken down yesterday and above mentioned resistances are also lying therefore firstly sustaining beyond 17453-17805 should be watched in the coming sessions for next decisive moves/Trend beginning confirmations.