Watch levels for next decisive
moves beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(12-04-2022)
Nifty-Intra Day Chart (11-Apr-2020):-
Technical Patterns formation in today intraday charts
1- Sharp fall after gap down opeing
2- Down moves in Bullish Falling Channels
3- Sharp up in Mid-session
4- Up moves in Bearish Rising Channel
5- Sharp fall in last hour
6- Whole day actual trading between 17443-17595
Conclusions from intra day chart analysis
Although firstly sharp fall after gap down opening but Down moves were also in Bullish Falling Channels therefore sharp up moves were seen in Mid-session. As selling developed at intraday higher levels through Up moves in Bearish Rising Channel also therefore Sharp fall was also seen in last hour.
As whole day intraday volatility with both lower levels some buying and higher levels selling also therefore sustaining beyond today trading range(17443-17595) should be watched tomorrow for next decisive moves beginning confirmations.