Down moves expectations below
day's lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(29-08-2023)
Nifty-Intra Day Chart (28-Aug-2023):-
Technical Patterns formation in today intraday charts
1- Down moves after positive opening
2- 116 Points up moves till 02:00 PM
3- More than 4 hours selling Patterns formation between 19307-19366
4- Whole day actual trading between 19250-19366
Conclusions from intra day chart analysis
Although positive opening but firstly down moves and after that 116 Points up moves were seen till 02:00 PM. As more than 4 hours selling Patterns formation between 19307-19366 in Mid-session also therefore down moves after expected below day's lowest(19250) despite positive closing on 28-08-2023.