Firstly watch 17530-17591 & sustaining
above 17591 will confirm strong
Pull Back Rally beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(23-02-2023)
Nifty-Intra Day Chart (22-Feb-2023):-
Technical Patterns formation in today intraday charts
1- Selling between 17733-17749
2- Sharp fall
3- Down moves with upward corrections
4- Volatility in last 2 hours between 17530-17591
5- Whole day actual trading between 17530-17772
Conclusions from intra day
chart analysis
As firstly selling after gap down opening therefore sharp fall was seen in first hour. Follow up selling remained continued through Down moves with upward corrections in Mid sessions also hence higher levels good intraday selling will be understood today.
Volatility in last 2 hours between 17530-17591 in which lower levels intraday consolidation was also seen therefore firstly sustaining it beyond should be watched in the coming sessions for the life and length of on going correction. As Short Term indicators have turned Oversold and lower levels some consolidation was also seen therefore sustaining above 17591 will confirm strong Pull Back Rally beginning.