Firstly watch FOMC announcements reactions for next decisive moves confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(28-07-2022)
Nifty-Intra Day Chart (27-Jul-2022):-
Technical Patterns formation in today intraday charts
1- Firstly slipping after negative opening
2- Up moves with downward corrections
3- Whole day actual trading between 16439-16653
Conclusions from intra day
chart analysis
Although firstly slipping after negative opening but up moves begun which remained continued till last minutes because FOMC announcements expectations tonight led Global markets rally was seen whole day today in following manners:-
1- Dow Jones Futures traded whole day more than 150 points up.
2- All the Asian markets traded and closed in Green except Hang Seng
3- All the European markets opened and traded positive during Indian trading hours.
As Indian markets reacted on Global markets and FOMC announcements expectations today therefore firstly FOMC announcements reactions on Global markets should be watched tomorrow for next decisive moves confirmations.