Sideways trading expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(13-04-2023)
Nifty-Intra Day Chart (12-Apr-2023):-
Technical Patterns formation in today intraday charts
1- Consolidation between 17734-17778
2- Volatility in last 3 hours between 17768-17825
3- Whole day actual trading between 17718-17825
Conclusions from intra day chart analysis
Although firstly down moves after positive opening but firstly consolidation was seen between 17734-17778 therefore sharp up moves were seen after 01:00 PM. As not sustaining at higher levels also after some selling and volatility developed in last 3 hours between 17768-17825 therefore sideways trading is expected tomorrow within today trading range.