Firstly up moves & finally sustaining
above 17880 will confirm next
Pull Back Rally beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(14-02-2023)
Nifty-Intra Day Chart (13-Feb-2023):-
Technical Patterns formation in today intraday charts
1- 140 Points fall in first hour
2- More than 5 hours consolidation between 17720-17801
3- Whole day actual trading between 17720-17880
Conclusions from intra day chart analysis
As Dow Jones Futures was more than 100 points down today morning and most Asian markets were trading in Red also therefore sentiment turned dampened and resultant firstly 140 points fall was seen from intraday highest levels in first hour.
Although 0.48% negative closing after most time negative zone trading today but more than 5 hours consolidation between 17720-17801 also therefore firstly up moves are expected towards today highest(17880) and finally sustaining above it should be watched in the coming sessions for next Pull Back Rally beginning confirmations.