Strong supports range will confirm on going Short Term correction continuation/completion
Nifty-Intra Day Chart Analysis &
Market Outlook(05-01-2023)
Nifty-Intra Day Chart (04-Jan-2023):-
Technical Patterns formation in today intraday charts
1- 129 Points shart fall in first 45 minutes.
2- 123 Points fall in Mid session
3- 2 Hours slow up moves
4- Sharp fall in last hours
5- Whole day actual trading between 18021-18243
Conclusions from intra day chart analysis
Although flat opening but almost whole day down moves were seen except 2 hours slow up moves after 12 O'clock. As good consolidation was seen between 17993-18055 on 29-12-2022 and today lowest with closing also was within this range therefore firstly sustaining beyond this strong supports range should be watched tomorrow for on going Short Term correction continuation/completion confirmations.