Down moves below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(13-07-2023)
Nifty-Intra Day Chart (12-Jul-2023):-
Technical Patterns formation in today intraday charts
1- Down moves below today lowest
2- Selling between 19440-19482
3- Sharp fall in last half hour
4- Whole day actual trading between 19362-19507
Conclusions from intra day chart analysis
Although Nifty closed with 0.43% gains yesterday but higher levels selling Patterns formation were seen between 19457-19515 therefore Nifty could not sustain above 19457 and fallen 70 points in first 11 minutes to 19437 after positive opening today. As follow up selling between 19440-19482 today which was within and below yesterday selling range therefore down moves are expected below today lowest(19362) in the coming sessions.
