Down moves expectations
towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(09-06-2023)
Nifty-Intra Day Chart (08-Jun-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after flat opening
2- Selling between 18761-18777
3- Sharp fall in Mid-session
4- Selling between 18679-18721
5- Down moves in last hour
6- Whole day actual trading between 18616-18777
Conclusions from intra day chart analysis
Following lines were told yesterday in "firstly intraday correction is expected towards 18673":-
firstly intraday correction is expected towards 18673
As was told 100% same happened today and:-
1- Intraday correction was seen today and Nifty closed 91.85 points down.
2- Today lowest was at 18615.
Although firstly up moves were seen after flat opening but higher levels selling developed therefore sharp fall was after that. As follow up selling also in Mid-session hence again down moves in last hour and today closing was at the lower levels of the day.
As whole day good intraday selling today therefore down moves are expected towards next supports between 18532-18565.