Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(24-03-2022)
Nifty-Intra Day Chart Analysis(23-Mar-2022)
Technical Patterns formation in today intraday charts
1- Selling between 17331-17424
2- Sharp fall in Mid-Session
3- Selling between 17248-17307
4- Whole day actual trading between 17200-17442
Conclusions from intra day chart analysis
Although strong gap up opening but selling developed and not sustaining at higher levels therefore sharp fall was seen in Mid-Session. As again follow up selling in last 3 hours therefore today closing was near the lower levels of the day.
As only intraday selling patterns formations and consolidation not developed today therefore down moves are expected below today lowest(17200) and towards following next supports between 170012-17069.