Down moves expectations
towards immediate supports
Nifty-Intra Day Chart Analysis &
Market Outlook(02-09-2022)
Nifty-Intra Day Chart (01-Sep-2022):-
Technical Patterns formation in today intraday charts
1- Firstly up moves after weaker opening
2- Selling between 17634-17695
3- Selling between 17582-17619
4- Selling between 17525-17578
5- Whole day actual trading between 17469-17695
Conclusions from intra day chart analysis
Although firstly up moves after weaker opening but Nifty could not moved above immediate resistance range(17522-17726) and down moves started which remained continued with whole day continuous selling. As whole day good intraday selling therefore down moves are expected below day's lowest(17469) and towards immediate supports(17226-17380).