16426-16483 will confirm up moves
towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(10-06-2022)
Nifty-Intra Day Chart (09-Jun-2022):-
Technical Patterns formation in today intraday charts
1- 112 points fall in first minute
2- Up moves with downward corrections
3- Consolidation between 16331-16415
4- Slow up moves in last hour
5- Whole day actual trading between 16244-16492
Conclusions from intra day
chart analysis
Following lines were told yesterday in " Down moves below today lowest":-
down moves are expected below today lowest(16294)
As was told 100% same happened and 112 points fall was seen below 16294 in first minute as well as today lowest formation was at 16243.85.
Although sharp fall in first minute but Up moves started with downward corrections and almost 4 hours consolidation was seen between 16331-16415 in Mid sessions therefore up moves remained continued till last minute.
Selling was seen between 16426-16483 yesterday and slow up moves were within this range in last hour today as well as today closing at 16478.10 was also within this range therefore firstly sustaining beyond 16426-16483 should be watched tomorrow for up moves continuation confirmations towards following resistances:-
1- 16556-16607
2- 16694-16731
3- 16724-16793