Down moves below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(09-08-2023)
Nifty-Intra Day Chart (08-Aug-2023):-
Technical Patterns formation in today intraday charts
1- Selling between 19577-19618
2- Sharp down moves
3- Selling between 19567-19594
4- Whole day actual trading between 19534-19634
Conclusions from intra day chart analysis
Although positive opening but selling developed immediately therefore down moves were seen after 11:00 AM. As following up selling in last more than 3 hours hence down moves are expected below today lowest in the coming sessions.