Sustaining beyond 19075-19171 will
confirm next intraday decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(26-10-2023)
Nifty-Intra Day Chart (25-Oct-2023):-
Technical Patterns formation in today intraday charts
1- More than 1 hour selling between 19291-19347
2- More than 200 points down in the next two and half hour.
3- More than 2 hours sideways trading between 19075-19171
4- Whole day actual trading between 19075-19347
Conclusions from intra day chart analysis
Although firstly some up moves after flat opening but selling was seen therefore down moves started which remained continued in the next two and half hour. As more than last 2 hours sideways trading between 19075-19171 therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations because Short Term indicators are completely Oversold and a jump from lower levels can not bE ruled out towards 19291.