Down moves expectations below
today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(04-04-2024)
Nifty-Intra Day Chart (03-Apr-2024):-
Technical Patterns formation in today intraday charts
1- 110 Points sharp recovery from lower levels
2- More than 4 hours selling Patterns formation between 22447-22521
3- Whole day actual trading between 22347-22521
Conclusions from intra day chart analysis
Although firstly slipping after weaker opening and Nifty traded 106 points down also in first 15 minutes but 110 points sharp recovery was seen from lower levels in next one hour. As more than 4 hours intraday selling patterns formation developed in Mid-session therefore down moves are expected below today lowest(22347) in the coming sessions.