Down moves towards next supports
between 17720-17801
Nifty-Intra Day Chart Analysis &
Market Outlook(22-02-2023)
Nifty-Intra Day Chart (21-Feb-2023):-
Technical Patterns formation in today intraday charts
1- Support between 17848-17866
2- Up moves
3- Selling between 17902-17924
4- Down moves
5- Support between 17818-17846
6- Up moves
7- Selling between 17866-17891
8- Down moves
9- Support between 17801-17834
10- Whole day actual trading between 17801-17924
Conclusions from intra day chart analysis
As whole day up moves after lower levels some supports and down moves after higher levels some selling therefore almost flat closing today. Last 5 hours trading was with lower top and bottom formations therefore intraday weakness will be understood and:-
1- Down moves are expected towards next supports between 17720-17801 and
2- Firstly sustaining beyond 17720-17801 should be watched tomorrow for on going correction continuation/completion.