Watch Levels amid down moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(25-03-2022)
Nifty-Intra Day Chart (24-Mar-2022):-
Technical Patterns formation in today intraday charts
1- Up moves in Bearish Rising Channel
2- Down moves in Bullish Falling Channel
3- Selling between 17218-17252
4- Up moves in Bearish Rising Channel
5- Whole day actual trading between 17092-17291
Conclusions from intra day
chart analysis
Although gap down opening and firstly 150 points negative zone trading but after that 200 points recovery also lower levels. As more than first 2 hours some up moves were in Bearish Rising Channel therefore Down moves were seen in next 1 hours which were in Bullish Falling Channel little above lower levels also hence some recovery from lower levels.
As some selling between 17218-17252 in last hour and selling was seen above it in first 2 hours also but some consolidation was also above 17150 therefore expected that Nifty will firstly trade and prepare for next decisive moves within 17150-17291 and finally sustaining it beyond will confirm next decisive movs which should be watched tomorrow amid down moves expectations towards 17092.