Down moves continuation
Nifty-Intra Day Chart Analysis &
Market Outlook(29-02-2024)
Nifty-Intra Day Chart (28-Feb-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 22185-22229
2- Sharp fall
3- Selling between 22016-22081
4- Down moves
5- Selling between 21975-22048
6- Whole day actual trading between 21916-22229
Conclusions from intra day chart analysis
Although firstly some up moves after positive opening but in previous 5/6 sessions intraday selling was seen near about today highest and fresh selling developed today also therefore Nifty could not sustain and falled sharply. As more intraday selling was seen in Mid-session and last hours also therefore whole day good intraday sessiong developed today and down moves will remain continued below today highest in the in coming session.