Short Term correction expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(04-07-2023)
Nifty-Intra Day Chart (03-Jul-2023):-
Technical Patterns formation in today intraday charts
1- Volaitlity in first 2 hours between 19254-19334 after gap up strong opening
2- Selling between 19303-19328
3- Whole day actual trading between 19235-19345
Conclusions from intra day chart analysis
Although gap up strong opening but after that volaitlity in first 2 hours and selling was seen in Mid-Session therefore Short Term correction is expected tomorrow despite today closing near life time highest.