Emergence of down moves possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(10-11-2021)
Nifty-Intra Day Chart (09-Nov-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 18030-18113
2- Volatility in last 2 hours between 17984-18070
3- Whole day actual trading between 17984-18113
Conclusions from intra day chart analysis
Although firstly up moves were seen after positive opening but selling developed therefore down moves developed in Mid-session. As volatile market in last 2 hours between 17984-18070 and closing was after good recovery from lower levels but good selling also at higher levels therefore emergence of down moves possibility below day's lowest(17984) and once sustaining below it after fresh selling will mean decisive down moves below 18000.