Down moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(19-12-2023)
Nifty-Intra Day Chart (18-Dec-2023):-
Technical Patterns formation in today intraday charts
1- Selling Patterns formation between 21434-21482
2- Selling Patterns formation between 21419-21451
3- Whole day actual trading between 21366-21482
Conclusions from intra day chart analysis
As most Asian markets were trading in Red therefore firstly little weaker opening of indian markets but up some up moves were also seen after that. Firstly higher levels selling Patterns formation in first 3 hours and after that again selling Patterns formation in last 2 hours therefore down moves are expected in the coming sessions.