Up moves towards next resistances
Nifty-Intra Day Chart Analysis & Market
Outlook(30-12-2022)
Nifty-Intra Day Chart (29-Dec-2022):-
Technical Patterns formation in today intraday charts
1- Consolidation between 17993-18055
2- Sharp up moves in last 2 hours
3- Whole day actual trading between 17993-18229
Conclusions from intra day chart analysis
Following lines were told at 07:38 PM yesterday in "Down moves below today lowest & towards 18000":-
1- down moves are expected below today lowest and towards 18000
2- Firstly sustaining beyond 18000 should be watched tomorrow for next intraday decisive move beginning confirmations.
As was told 100% same happened and Nifty moved down below yesterday lowest as well as moved up sharply after testing 18000.
Although firstly slipping below 18000 after weaker opening but lower levels more than 4 hours good consolidation near about 18000 therefore sharp up moves in last 2 hours. As intraday selling patterns were not seen and good intraday consolidation today therefore up moves are expected above today highest and towards following next resistances:-
1- 18345-18387
2- 18559-18586