Watch levels for next decisive moves
beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(01-04-2022)
Nifty-Intra Day Chart (31-Mar-2022):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channels
2- Whole day actual trading between 17436-17559
Conclusions from intra day chart analysis
Although nifty moved up 60 points in first half hour but not sustained at higher levels becuse selling between 17485-17515 yesterday and Nifty closed below 17485 today. As some consolidation was also seen today through Down moves in Bullish Falling Channels therefore it will understood that Nifty is preparing for next decisive moves between 17436-17559 and firstly sustaining beyond this range should be watched tomorrow for its beginning confirmations.