Down moves below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(19-05-2022)
Nifty-Intra Day Chart (18-May-2022):-
Technical Patterns formation in today intraday charts
1- Selling between 16331-16399
2- Selling between 16311-16354
3- Whole day actual trading between 16212-16399
Conclusions from intra day chart analysis
Importance of next resistances were told yesterday and Nifty could not cross 2nd resistances as well as closed near the lower levels of the day within 1st resistance. As good selling at higher levels also therefore down moves will be seen below today lowest(16212) in the coming sessions.