Finally decisive up moves above
today highest & 18000
Nifty-Intra Day Chart Analysis &
Market Outlook(10-02-2023)
Nifty-Intra Day Chart (09-Feb-2023):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Sharp up moves
3- Consolidation between 17823-17884
4- Sharp up moves
5- Sideways trading in last hour with consolidation patterns indications between 17878-17916
6- Whole day actual trading between 17780-17916
Conclusions from intra day
chart analysis
Although firstly 103 Points down moves from intraday higher levels in first 30 minutes after positive opening but were in Bullish Falling Channel therefore sharp up moves were seen after that. As consolidation between 17823-17884 in Mid-session also therefore again sharp moves were seen after 01:30 PM.
Sideways trading with consolidation patterns indications between 17878-17916 in last hour but Very Short Term indications have turned Overbought also after more than 400 points recovery from lower levels in last 6 sessions therefore expected that Nifty will firstly trade within and near about this range(17878-17916) tomorrow but expected that finally decisive up moves will be seen above today highest and 18000 in the coming sessions/week.