More downward moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(20-03-2026)
Nifty-Intra Day Chart (19-Mar-2026):-
Technical Patterns formation in today intraday charts
1- 420 points gap down and 580 Points weaker opening
2- More than 4 hours selling between 23201-23351 (immediate Resistances)
3- Down moves with upward corrections
4- Whole day trading between 22931-23378
Conclusions from intra day
chart analysis
As West Asia war has been completely escalated therefore all the Global markets were in crashing mode and Crude Oil prices had also risen sharply hence sentiment was completely depressed today morning therefore resultant firstly 420 points gap down and 580 points weaker opening was seen. After such weaker opening firstly more than 4 hours selling was seen and after that Down moves were with upward corrections therefore Nifty close 3.26% down today. As whole day only intraday selling patterns formations and consolidation patterns were not seen today therefore more downward moves are expected in the coming sessions. As Very Short Term indicators have turned Oversold therefore some upward moves may also be seen but until Nifty will not sustain above immediate Resistances(23201-23351) after complete consolidation till then any decisive upward move will not be seen.