Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(25-08-2023)
Nifty-Intra Day Chart (24-Aug-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after positive opening
2- Down moves with upward corrections
3- Whole day actual trading between 19370-19584
Conclusions from intra day chart analysis
Although firstly up moves after positive opening but intraday selling patterns were also seen in last 2 sessions therefore not sustaining at higher levels and down moves started which remain continued till last 15 minutes. AS all the down moves were with upward corrections therefore intraday selling will be understood and down moves continuation is expected towards next supports between 19254-19295.