Watch 18092-18183 for next
decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(20-01-2023)
Nifty-Intra Day Chart (19-Jan-2023):-
Technical Patterns formation in today intraday charts
1- Down moves after negative opening
2- More than 5 hours sideways trading between 18092-18155
3- Whole day actual trading between 18064-18155
Conclusions from intra day chart analysis
Although firstly down moves after negative opening and whole day today trading was in negative zone but more than 5 hours sideways trading between 18092-18155 today which was within and below 4 hours trading range(18139-18183) of yesterday therefore 9 hours sideways trading will be understood between 18092-18183 in last 2 sessions.
As one sided intraday trading patterns formations was not seen in last 2 sesions therefore firstly sustaining beyond 18092-18183 should be watched in the coming sessions for next decisive moves beginning towards those next supports and resistances wich have been updated in yesterday Outlook.