Up moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(07-11-2023)
Nifty-Intra Day Chart (06-Nov-2023):-
Technical Patterns formation in today intraday charts
1- Consolidation between 19315-19368
2- Consolidation between 19370-19383
3- Sharp up
4- Whole day actual trading between 19310-19423
Conclusions from intra day chart analysis
As all the Asian markets were trading with good gains and some were trading more than 1% gains day's morning therefore strong gap up opening on Indian market was seen. Firstly more than 4 hours consolidation and after that follow up consolidation therefore sharp jump was seen in last hour and days closing was 0.94% gains. As only intraday consolidation and selling was not seen therefore up moves are expected in the coming sessions.