Sustaining beyond levels will confirm
next intraday decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(27-12-2022)
Nifty-Intra Day Chart (26-Dec-2022):-
Technical Patterns formation in today intraday charts
1- Up moves after positive opening
2- Up moves with downward corrections
3- Selling between 18055-18084
4- 99 Points sharp fall in last half hour
5- Whole day actual trading between 17775-18084
Conclusions from intra day
chart analysis
As Dow Jones Futures was trading more than 100 points up therefore sentiment improved and firstly up moves were seen after positive opening which remained continued till 03:00 PM. Some selling also developed at higher levels therefore 99 points sharp fall was seen in last half hour,
Lower levels supports and higher levels selling also today therefore today trading will be understood with Mixed Patterns formation between 17775-18084. Nifty will firstly trade and prepare for next decisive intraday moves within today trading range and finally sustaining it beyond will confirm it which should be firstly watched tomorrow for next intraday decisive moves beginning confirmations.