Up moves above today highest
and towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(10-01-2023)
Nifty-Intra Day Chart (09-Jan-2023):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections after strong opening
2- Selling between 18084-18141
3- Sharp fall
4- Up moves with downward corrections
5- Whole day actual trading between 17937-18141
Conclusions from intra day chart analysis
Although firstly up moves with downward corrections after strong opening but higher levels selling dedveloped therefore sharp fall was seen in Mid-session. As again Up moves with downward corrections therefore 100 points recovery was seen and today closing was 1.35% up.
As up moves with downward corrections therefore good intraday consolidation will be understood and fresh up moves are expected above today highest as well as towards next resistances between 18216-18240 Sustaining beyond this resistance should be firstly watched tomorrow for next intraday decisive moves beginning confirmations.