Sustaining beyond 18161-18227 will confirm Indian markets reaction on 3 IT big quarterly results
Nifty-Intra Day Chart Analysis &
Market Outlook(13-01-2022)
Nifty-Intra Day Chart (12-Jan-2022):-
Technical Patterns formation in today intraday charts
1- 5 Hours sideways trading between 18161-18227
2- Whole day actual trading between 18129-18227
Conclusions from intra day chart analysis
As most Asian markets were trading with more than 1.5% gains after strong closing of US markets yesterday therefore gap up opening of Indian markets and Nifty traded 5 hours sideways between 18161-18227 as well as prepared for next moves tomorrow after quarterly results announcement of 3 big companies(INFY,TCS & WIPRO).
As Indian markets will firstly react on the results of these 3 big companies tomorrow and and sustaining beyond today sideways trading range(18161-18227) will finally confirm it therefore should be firstly watched tomorrow.