Down moves below 18271
Nifty-Intra Day Chart Analysis &
Market Outlook(12-05-2023)
Nifty-Intra Day Chart (11-May-2023):-
Technical Patterns formation in today intraday charts
1- 92 Points fall in first 30 minutes after positive opening
2- Selling patterns formations between 18315-18346
3- Whole day actual trading between 18271-18389
Conclusions from intra day chart analysis
Although positive opening but after that 92 Points fall in first 30 minutes and clear selling patterns formations between 18315-18346 therefore down moves are expected in the coming session below day's lowest(18271).