17801-17864 will confirm next
intraday decisive move beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(21-02-2023)
Nifty-Intra Day Chart (20-Feb-2023):-
Technical Patterns formation in today intraday charts
1- Up moves in first hour after positive opening and initial volatility.
2- Selling between 17949-18004
3- Down moves with upward corrections
4- Support between 17819-17860
5- Whole day actual trading between 17819-18004
Conclusions from intra day chart analysis
Although up moves were seen in first hour after positive opening and initial volatility but higher levels selling developed therefore down moves started which remained continued till 02:00 PM. As lower levels supports between 17819-17860 which was within previous supports range(17801-17864) therefore firstly sustaining it beyond should be watched tomorrow for next intraday decisive move beginning confirmations.