Finally decisive down moves below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(23-06-2020)
Nifty-Intra Day Chart (22-Jun-2020):- |
1- Down moves in Bullish Falling Channel
2- Selling between 10360-10393
3- Selling between 10336-10363
4- Up moves in Bearish Rising Channel
5- Whole day actual trading between 10278-10393
Conclusions from intra day chart analysis
As firstly consolidation through Down moves in Bullish Falling Channel therefore up moves were seen in Mid-session but higher levels good selling developed hence sharp down moves in last hour.
Although some selling in last hour also through Up moves in Bearish Rising Channel but some consolidation was seen in first 2 hours therefore firstly Nifty will trade within today trading range and prepare for next decisive moves.
As good selling at higher levels and some selling at lower levels also therefore expected that finally decisive down moves will be seen below today lowest(10277.60) in the coming 1/2 sessions after fresh selling within and near about today trading range.