Firstly watch levels amid Russia-Ukraine war led high uncertainty and huge volatility
Nifty-Intra Day Chart Analysis & Market Outlook
(02-03-2022)
Nifty-Intra Day Chart (28-Feb-2022):-
Technical Patterns formation in today intraday charts
1- Strong up moves after weaker opening
2- Sideways trading between 16654-16721
3- Sharp up in last hour
4- Whole day actual trading between 16357-16815
Conclusions from intra day chart analysis
Although weaker opening but strong up moves were seen after that. Nifty traded most time sidewways between 16603-16740 on 25-02-2022 and traded almost 3 hours within this range between 16654-16721 on 28-02-2022 also.
As more than 8 hours sideways trading between 16603-16740 in last 2 sessions therefore firstly sustaining beyond this range should be watched in the coming sessions for next decisive moves beginning confirmations amid amid Russia-Ukraine war led high uncertainty and huge volatility.
Immediate supports and resistances have also been updated on 26-02-2022 ln "Watch supports & resistances also amid Russia-Ukraine war led violent volatility" which will decide next big moves therefore should also be watched for its beginning confirmations.