Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(06-05-2022)
Nifty-Intra Day Chart (05-May-2020):-
Technical Patterns formation in today intraday charts
1- Selling between 16866-16945
2- Down moves with upward corrections
3- Selling between 16694-16736
4- Whole day actual trading between 16652-16945
Conclusions from intra day chart analysis
As US markets closed with good gains yesterday and sentiment was boosted today morning therefore firtsly up moves were seen after strong opening today.
Firstly higher levels selling and after that down developed which were with upward corrections as well as follow up selling in last hour therefore whole day today trading will be understood with good intraday selling and resultant down moves will be seen towards following next supports in the coming sessions.
1- 16579-16624
2- 16484-16554
3- 16418-16447