Down moves expectations below
today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(02-08-2023)
Nifty-Intra Day Chart (01-Aug-2023):-
Technical Patterns formation in today intraday charts
1- Selling between 19770-19795
2- Selling between 19725-19753
3- Selling between 19746-19764
4- Whole day actual trading between 19705-19795
Conclusions from intra day chart analysis
Live Proofs of our 100% accurate analysis
1- Following lines were told today at 08:08 AM in "Watch next strong resistance range amid rally continuation expectations":-
rally continuation is expected towards next strong resistance range(19793-19825) and finally sustaining it beyond will confirm next decisive moves beginning
2- Following lines were told on 29-07-2023 in "Firstly watch next strong resistance amid up moves expectations":-
firstly up moves are expected in the beginning of next week therefore firstly sustaining beyond above mentioned strong resistance(19793-19825) should be firstly watched in the coming week
As was told in previous 2 Outlooks all that proved 100% accurate today and:-
1- Nifty moved up 149.60 points to 19795.60 in previous 2 sessions from last Friday closing(19646).
2- Nifty faced resistance within strong resistance(19793-19825) at today highest(19795.60) and Nifty moved down today to 19,704.60 after loosing 91 points.
Although firstly up moves after positive opening but whole day intraday selling patterns developed today therefore down moves are expected below today lowest(19705) in the coming sessions.