Sustaining beyond Levels will confirm
next decisive intraday moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(03-03-2023)
Nifty-Intra Day Chart (02-Mar-2023):-
Technical Patterns formation in today intraday charts
1- More than 100 points fall in first hour after flat opening
2- Selling between 17349-17401
3- Sharp fall
4- Support between 17307-17333
5- Whole day actual trading between 17307-17445
Conclusions from intra day chart analysis
Although flat opening but fresh selling developed therefore firstly more than 100 points fall in first hour and follow up good selling was seen in Mid-session hence Nifty slipped in last hours.
As Lower levels supports was also seen in last 2 hours between 17307-17353 therefore expected that Nifty will firstly trade tomorrow within today trading range and finally sustaining beyond today trading range(17307-17445) will confirm next decisive intraday moves beginning.