Firstly watch next resistances amid
more up moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(15-02-2024)
Nifty-Intra Day Chart (14-Feb-2024):-
Technical Patterns formation in today intraday charts
1- Down moves after 165 points weaker opening
2- Up moves with downward corrections
3- Sharp up moves in last 2 hours
4- Whole day actual trading between 21531-21870
Conclusions from intra day chart analysis
Although firstly down moves after 165 points weaker opening and Nifty slipped 212 points also in first 15 minutes but up moves started with downward corrections which remained continued more than 3 hours. It means that lower levels good consolidation developed therefore sharp up moves begun which remained continued till last half hour.
As intraday selling patterns were not seen today therefore more up moves are expected towards next resistances(21947-22018) and firstly sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.