Immediate resistance will confirm
next intraday decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(15-09-2022)
Nifty-Intra Day Chart (14-Sep-2022):-
Technical Patterns formation in today intraday charts
1- 106 Points sharp up in first 2 miutes after gap down opening
2- Consolidation between 17855-17948
3- Up moves with downward corrections
4- Selling between 18044-18091
5- 119 Points sharp fall in last hour
6- Whole day actual trading between 17772-18091
Conclusions from intra day chart analysis
As good selling in last 3 sessions above last Friday lowest(17786) therefore today opening was just below it at 17771.15 after gap down opening but firstly 106 Points sharp up in first 2 miutes and after that consolidation was seen between 17855-17948. Although follow up intraday consolidation through Up moves with downward corrections but fresh selling developed between 18044-18091 which was within and near about yesterday selling range(18059-18088) therefore 119 Points sharp fall in last hour.
Last 2 sessions selling between 18044-18091 and today closing was below it also therefore this range has become immediate resistance of Nifty and firstly sustaining beyond this range should be watched tomorrow for next intraday decis1ve moves beginning confirmations.