Up moves above today highest with
new life time top formation possibility
above 20222.45
Nifty-Intra Day Chart Analysis &
Market Outlook(01-12-2023)
Nifty-Intra Day Chart (30-Nov-2023):-
Technical Patterns formation in today intraday charts
1- Selling between 20107-20128
2- Sharp fall
3- Consolidation between 20045-20101(immediate supports)
4- Up moves with downward corrections
5- Whole day actual trading between 20016-20158
Conclusions from intra day chart analysis
As firstly some selling after positive opening therefore sharp fall was seen in first hour but lower levels good consolidation developed and after that up moves were with downward corrections which is a consolidation pattern also hence up moves above today highest will be seen tomorrow that may form new life time top above 20222.45.