Levels will confiirm next
decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(14-07-2022)
Nifty-Intra Day Chart (13-Jul-2022):-
Technical Patterns formation in today intraday charts
1- Selling between 16064-16140
2- Down moves
3- Sideways trading between 15951-16007
4- Whole day actual trading between 15951-16140
Conclusions from intra day chart analysis
Although positive opening but follow up selling developed therefore could not sustain at higher levels and down moves were seen in Mid-session.
As sideways trading in last 2 hours between 15951-16007 therefore and one sided trading patterns were not seen therefore expected that Nifty will firstly traded within and near about this range as well as prepare for next decisive moves hence firstly valid break out of this range should be watched tomorrow for its confirmations.