Watch next supports for the life & length
of on going correction
Nifty-Intra Day Chart Analysis &
Market Outlook(19-05-2023)
Nifty-Intra Day Chart (18-May-2023):-
Technical Patterns formation in today intraday charts
1- Selling between 18222-18297
2- Selling between 18140-18219
3- Sharp fall in last half hour
4- Whole day actual trading between 18105-18297
Conclusions from intra day chart analysis
Although positive opening but selling developed and follow up selling was seen in Mid-sessions also therefore sharp fall in last half hour. As only intraady selling patterns formations today hence more down moves are expected in the coming sessions and firstly sustaining beyond next supports rane(17937-17988) should be watched in the coming sessions for the life and length of on going correction.