Up moves towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(21-12-2022)
Nifty-Intra Day Chart (20-Dec-2022):-
Technical Patterns formation in today intraday charts
1- 206 Points down moves in first 25 minutes after weaker opening
2- More than 4 hours consolidation between 18203-18290
3- 135 Points sharp up moves in last one and half hour
4- Whole day actual trading between 18203-18404
Conclusions from intra day chart analysis
Although firstly 206 points down moves in first 25 minutes after weaker opening but lower levels more than 4 hours good consolidation between 18203-18290 therefore after that 135 points sharp up moves in last one and half hour and today and today closing was near the higher levels of the day.
As only consolidation and intraday selling patterns
were not seen today therefore firstly up moves are
expected towards next resistances(18509-18586)
and finally sustaining it beyond will confirm
another intraday decisive move.