18232 will confirm today started correction continuation/completion
Nifty-Intra Day Chart Analysis & Market
Outlook(24-05-2023)
Nifty-Intra Day Chart (23-May-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after positive opening
2- Selling between 18390-18419
3- Down moves in last hour
4- Whole day actual trading between 18325-18419
Conclusions from intra day chart analysis
Although firstly up moves after positive opening but more than 4 hours selling therefore down moves were seen in last hour. As only selling paterns formations and consolidation was not seen today therefore firstly down moves are expected towards 18232 and sustaining it beyond should be firstly watched tomorrow for today started correction continuation/completion.