Watch levels after FOMC announcements tonight
Nifty-Intra Day Chart Analysis & Market
Outlook(23-03-2023)
Nifty-Intra Day Chart (22-Mar-2023):-
Technical Patterns formation in today intraday charts
1- Sharp fall in first half hour.
2- Last 6 hours sideways trading between 17108-17178
3- Whole day actual trading between 17108-17207
Conclusions from intra day chart analysis
Although firstly up moves after gap up strong opening but not sustaining at higher levels and sharp fall was seen in first half hour. As last 6 hours sideways trading between 17108-17178 and one sided technical patterns formations were not seen therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations because all the Global markets will react tomorrow on those FOMC announcements which will be done tonight.