Firstly watch 18163-18280 amid
more down moves expectations
below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(22-12-2022)
Nifty-Intra Day Chart (21-Dec-2022):-
Technical Patterns formation in today intraday charts
1- 88 Points up in first 10 minutes after gap up opening
2- Down moves with upward corrections
3- Volatility in last 2 hours between 18163-18280
4- Whole day actual trading between 18163-18473
Conclusions from intra day chart analysis
Although firstly 88 Points up moves in first 10 minutes after gap up opening but not sustaining at higher levels and selling developed as well as down moves were seen with upward corrections.As good intraday selling therefore Nifty crashed 310 points from intraday higher levels.
More than 100 points volatility was also seeen in last 2 hours between 18163-18280 therefore sustaining it beyond should be firstly watched in the coming session for first signal of next intraday decisive moves beginning amid more down moves expectations below today lowest because higher levels good intraday selling today.