Firstly watch sustaining beyond 23207-23441 amid deeper correction beginning indications
Nifty-Intra Day Chart Analysis &
Market Outlook(13-06-2024)
Nifty-Intra Day Chart (12-Jun-2024):-
Technical Patterns formation in today intraday charts
1- Up moves after positive opening
2- More than 3 hours selling between 23394-23441
3- Selling between 23367-23391
4- Sharp fall
5- Whole day actual trading between 23296-23441
Conclusions from intra day
chart analysis
Although firstly up moves after positive opening but higher levels more than 3 hours selling and after that follow up selling also in last hours therefore sharp down move was seen in last hour and Nifty closed near the lower levels of the day.
Last 3 sessions trading between 23207-23441 with higher levels selling and "Shooting Star" Bearish Candle formations but in last 3 sessions higher closing,higher bottom and higher top has also been seen therefore firstly sustaining beyond last 3 sessions trading range should be watched for next big moves beginning confirmations. Remain cautious also because higher levels good selling has also been seen therefore once sustaining below last 3 sessions lowest will mean deeper correction beginning confirmations