Firstly watch sustaining beyond today
highest for next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(14-06-2023)
Nifty-Intra Day Chart (13-Jun-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after positive opening.
2- Selling between 18692-18716
3- Sharp fall
4- Up moves in Bearish Rising Channel
5- Whole day actual trading between 18632-18728
Conclusions from intra day chart analysis
As all the Asian were trading in Green and sentiment turned positive therefore firstly up moves were seen after positive opening of Indian markets. Although up moves remained continued till last minutes and today closing was at the higher levels of the day after 114 points gains but intraday selling pattren were seen therefore until Nifty will not sustain above today highet after complete fresh consolidation till then decisive up moves will not be seen.
As today closing was near the higher levels of the day therefore firstly sustaining above today highest(18728.90) should be watched tomorrow for next decisive up moves beginning confirmations and remain cautious also because fresh selling tomorrow will sharp down moves below today lowest(18631.80).