Up moves will be seen towards
next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(09-02-2022)
Nifty-Intra Day Chart (08-Feb-2022):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Up moves with downward corrections
3- Consolidation between 17124-17213
4- Whole day actual trading between 17044-17306
Conclusions from intra day chart analysis
Although firstly more than 160 points fall after positive opening but whole day good consolidation through above mentioned intraday trading patterns formations therefore up moves will be seen towards following next resistances in the coming sessions because Very Short Term indicators have turned over sold also:-
1- 17392-16458
2- 17527-16571
3- 17607-17635
4- 17648-17684
5- 17699-17731
6- 17736-17761