Finally sustaining beyond 23354-23419 will confirm next Short Term moves
Nifty-Intra Day Chart Analysis &
Market Outlook(14-06-2024)
Nifty-Intra Day Chart (13-Jun-2024):-
Technical Patterns formation in today intraday charts
1- More than 100 points down in first half hour after gap up strong opening
2- More than 5 hours trading with mixed Patterns formation between 23354-23419
3- Whole day actual trading between 23354-23481
Conclusions from intra day chart analysis
Although gap up strong opening but not sustaining at higher levels and more than 100 points fall developed in first half hour because higher levels good intraday selling was seen in last 3 sessions. As more than 5 hours trading with mixed Patterns formation between 23354-23419 today therefore Nifty will firstly trade and prepare for next Short Term moves within this range in the coming sessions. Let Nifty to prepare for it within this range then will be decided according to coming sessions intraday patterns formations. As finally sustaining beyond 23354-23419 will confirm next Short Term moves therefore it should be watched in the coming sessions.