Firstly watch sustaining beyond
19488-19576
Nifty-Intra Day Chart Analysis &
Market Outlook(06-10-2023)
Nifty-Intra Day Chart (05-Oct-2023):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channels
2- Supports between 19488-19500(immediate supports)
3- Sharp up
4- Selling between 19551-19576
5- Whole day actual trading between 19488-19576
Conclusions from intra day chart analysis
Although gap up strong opening but firstly down moves were seen. As these down moves were in Bullish Falling Channels and after that lower levels some supports also developed therefore sharp moves were seen. Minor selling also at higher levels in last hours therefore expected that firstly sustaining beyond today trading range should be watched in the coming sessions because any side good intraday positions were not seen.