Down moves towards next supports
Nifty-Intra Day Chart Analysis
& Market Outlook(10-11-2022)
Nifty-Intra Day Chart (09-Nov-2022):-
Technical Patterns formation in today intraday charts
1- 50 Points fall in first minute after gap up strong opening
2- Down moves with upward corrections
3- Selling between 18166-18214
4- Volatility in last hour between 18118-18296
5- Whole day actual trading between 18118-18296
Conclusions from intra day chart analysis
Although gap up strong opening today but not sustaining at higher levels and 50 points fall was seen in first minute. As after this fall Down moves were with upward corrections and selling between 18166-18214 therefore again sharp fall was seen in last hour.
Whole day good intraday selling was seen today therefore down moves are expected towards following next supports in the coming sessions:-
1- 17938-17964
2- 17724-17765
3- 17655-17712