Finally 18532-18640 will confirm next big moves beginning amid firstly up moves expectations
Nifty-Intra Day Charts Analysis &
Market Outlook(07-06-2023)
Nifty-Intra Day Chart (Jun 05 & Jun 06,2023):-
Technical Patterns formation in last 2 sessions intraday charts
1- Selling between 18608-18640 on 05-06-2023(immediate supports)
2- Sharp fall in last half hour on 05-06-2023
3- 79 Points Points down moves from intraday higher levels till 12 o' clock on 06-06-2023
4- Consolidation between 18532-18565 on 06-06-2023
5- Sharp up moves in last half hour on 06-06-2023
6- Last 2 sessions actual trading between 18532-18640
Conclusions from 2 sessions
intra day chart analysis
Following lines were told on 02-06-2023 in "Sustaining beyond 18465-18662 will confirm next trend":-
1- up moves in the beginning of next week
2- finally sustaining beyond 18465-18662 will confirm next trend towards above mentioned levels therefore should be firstly watched in next week.
3- firstly Nifty will have to trade within this range in the beginning of next week.
As was told 100% same happened and:-
1- Nifty closed 59 points up after 106 points intraday gains on 05-06-2023.
2- Nifty traded within mentioned range(18465-18662) and between 18532-18640 in first 2 sessions of the week.
As higher levels good selling and lower levels good consolidation in first 2 sessions of this week between 18532-18640 therefore NIfty will firstly trade and prepare for next decisive moves within and near about it. Finally sustaining beyond this range will generate strong signal of next one sided big moves beginning which should be firstly watched in the coming sessions for it. As sharp up moves were seen in last half hour on 06-06-2023 after lower levels good intraday consolidation therefore firstly up moves are expected towards immediate resistances(18608-18640) and firstly sustaining it beyond should be watched tomorrow for first signal of next big moves beginning.