On going up moves continuation
towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(23-04-2024)
Nifty-Intra Day Chart (22-Apr-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 22199-22258
2- Consolidation between 22261-22311
3- Sharp up in last hours
4- Whole day actual trading between 22199-22375
Conclusions from intra day chart analysis
Although gap up and 189 points positive opening but firstly Nifty slipped 138 points in first hour. As Nifty consolidated at lower levels in first 2 hour and after that More than 3 hours consolidation in Mid session therefore on going up moves continuation is expected towards next resistances(22516-22574).