Last 4 sessions trading range will
confirm next one sided decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(04-01-2023)
Nifty-Intra Day Chart (03-Jan-2023):-
Technical Patterns formation in today intraday charts
1- Sharp up moves after weaker opening
2- Selling between 18216-18240
3- Sharp fall in Mid-Session
4- Up moves with downward corrections
5- Selling between 18225-18251
6- Whole day actual trading between 18150-18251
Conclusions from intra day chart analysis
Although firstly weaker opening but sharp up moves were seen after that. As selling was seen between 18216-18240 therefore sharp fall developed in Mid-Session also. Again up moves with downward corrections but follow up selling in last hours. As whole day today trading was with both consolidation and selling therefore today trading will be understood Mixed Patterns formation between 18150-18251.
As last 4 sessions trading between 17993-18265 with both higher levels selling and lower levels consolidation therefore firstly sustaining beyond this range should be watched tomorrow for next one sided decisive moves beginning confirmation.