Watch 19599-19670 amid Very 

Short term correction expectations 

Nifty-Intra Day Chart Analysis & 

Market Outlook(18-07-2023)

Nifty-Intra Day Chart (17-Jul-2023):-

Technical Patterns formation in today intraday charts

1- Up moves after positive opening

2- 5 Hours consolidation between 19599-19670

3- Sharp up in last half hour

4- Whole day actual trading between 19563-19731

Conclusions from intra day chart analysis 

Firstly up moves after positive opening and after that 5 Hours consolidation therefore sharp up moves were seen in last half hour and today closing was at life time highest with 0.75% gains. As Very short term indicators have turned Over bought after last 2 sessions strong up moves therefore Very Short term correction may also be seen towards or within 5 Hours consolidation range(19599-19670) and finally sustaining beyond this range will confirm next short term moves hence it should also be watched tomorrow.