Firstly watch today lowest after
down moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(07-12-2022)
Nifty-Intra Day Chart (06-Dec-2022):-
Technical Patterns formation in today intraday charts
1- 123 Points fall in first 10 minutes after weaker opening.
2- Selling between 18622-18654
3- Minor consolidation between 18578-18601
4- Whole day actual trading between 18578-18654
Conclusions from intra day
chart analysis
As firstly 123 Points fall in first 10 minutes after weaker opening and after that higher levels more selling than lower levels minor consolidation therefore firstly down moves are expected towards today lowest.
Firstly sustaining beyond today lowest should be watched tomorrow for deeper correction beginning confirmations because higher levels too much was not seen and if fresh consolidation develops near about today lowest then decisive up moves will begin.