Finally sustaining beyond 22200-22270 will confirm next intraday decisive moves beginning
Nifty-Intra Day Chart Analysis & Market Outlook(15-05-2024)
Nifty-Intra Day Chart (14-May-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 22082-22154
2- Up moves with downward corrections
3- Selling between 22217-22270
4- Whole day actual trading between 22082-22270
Conclusions from intra
day chart analysis
Although firstly slipping after positive opening but consolidation developed in first 2 hours therefore up moves started which were with downward corrections therefore consolidation will be understood in Mid-session also. As higher levels some selling also in last 2 hours therefore expected that:-
1- Nifty will firstly trade within and near about 22200-22270 and
2- Finally sustaining beyond this range will confirm next decisive moves beginng
3- Hence sustaining beyond this range should be watched in the coming sessions for next intraday decisive moves beginning confirmations.