facebook news based market requires next decisive moves confirmations from 17498-17622
Nifty-Intra Day Chart Analysis &
Market Outlook(04-02-2022)
Nifty-Intra Day Chart (03-Feb-2022):-
Technical Patterns formation in today intraday charts
1- Whole day down moves with upward corrections
2- Whole day actual trading between 17512-17781
Conclusions from intra day chart analysis
Sentiment turned weak today morning because facebook share moved down 20% in US markets after its disclosure that its advertisements are not running on APPLE hence NASDAQ Futures was also trading more than 300 points down today morning and in reaction NIFTYIT crashed after opening and closed more than 2% down today.
As US Futures and all the European markets were traded in deep Red today therefore Whole day down moves were seen with upward corrections in Indian markets also and today closing was at the lower levels of the day.
Nifty traded sideways between 17498-17622 on Budget day and closed within it after higher levels falls today. As facebook news based market today therefore firstly sustaining it beyond should be watched in the coming sessions for next decisive moves beginning confirmations