Finally sustaining beyond 19824-19839
will confirm next decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(12-10-2023)
Nifty-Intra Day Chart (11-Oct-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after strong opening
2- Whole day sideways trading between 19786-19839
3- Whole day trading between 19757-19839
Conclusions from intra day chart analysis
Although firstly up moves after strong opening but after that whole day sideways trading was seen between 19786-19839 in which one sided intraday trading patterns formations were not seen. As Nifty has to prepare for next decisive moves beginning which will be firstly done within and near about 19786-19839 therefore expected that Nifty will firstly trade and prepare for next decisive moves within this range. Finally sustaining beyond this range should be watched for next decisive moves beginning in the coming session.