Firstly watch next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(20-04-2022)
Nifty-Intra Day Chart (19-Apr-2020):-
Technical Patterns formation in today intraday charts
1- More than 5 hours selling between 17172-17275(immediate Resistances)
2- Sharp fall in last hour
3- Whole day actual trading between 16825-17275
Conclusions from intra day chart analysis
As more than 5 hours selling between 17172-17275 therefore sharp fall was seen in last hour and until complete consolidation will not develop till then Nifty will not sustain above today highest(17275).
As very Short Term indicators have turned oversold and sentiment is completely depressed therefore if Nifty honours following next supports in the coming sessions then a sharp big jump or a Pull back rally will be seen towards 17172 hence sustaining it beyond should be firstly watched:-
1- 16838-16943
2- 16559-16672