18795-18875 will confirm
next decisive intraday moves
Nifty-Intra Day Chart Analysis &
Market Outlook(01-06-2023)
Nifty-Intra Day Chart (01-Jun-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after positive opening
2- Selling between 18842-18875
3- Consolidation between 18795-18828
4- Selling between 18847-18868
5- Whole day actual trading between 18795-18875
Conclusions from intra day chart analysis
Although firstly up moves after positive opening but higher levels selling developed therefore down moves were seen and Nifty traded in negative zone also. As lower levels good consolidation therefore up moves started but again selling was seen in last hours.
As both lower levels consolidation and higher levels selling therefore finally sustaining beyond today trading range(18795-18875) will confirm next decisive intraday moves.