Finally watch today highest amid
firstly up moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(24-03-2023)
Nifty-Intra Day Chart (23-Mar-2023):-
Technical Patterns formation in today intraday charts
1- Down moves after weaker opening
2- Up moves with downward corrections
3- Selling between 17152-17205
4- Down moves in Bullish Falling Channel
5- Whole day actual trading between 17046-17205
Conclusions from intra day chart analysis
Although firstly Down moves after weaker opening but Up moves started with downward corrections and Nifty recovered 159 points from lower levels as well as traded 53 Points positive also. As higher levels selling also developed therefore down moves started which remained continued till last minutes.
As last hour down moves were in Bullish Falling Channel and first hour up moves were with downward corrections also therefore lower levels some consolidation was will be understood and firstly up moves are expected towards today highest tomorrow but until Nifty will not sustain above today highest till then decisive up moves will not be seen because selling was also seen below it today.