Down moves below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(09-06-2022)
Nifty-Intra Day Chart (08-Jun-2022):-
Technical Patterns formation in today intraday charts
1- Huge volatility before and after RBI-MPC announcements
2- Selling between 16426-16483
3- Selling between 16312-16380
4- Whole day actual trading between 16294-16514
Conclusions from intra day chart analysis
Although firstly traded 66 points up after positive opening but huge volatility was seen before and after RBI-MPC announcements.
As firstly higher levels selling in Mid-session and after that follow up selling in last 2 hours therefore down moves are expected below today lowest(16294).