Down moves continuation expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(02-06-2022)
Nifty-Intra Day Chart (01-Jun-2022):-
Technical Patterns formation in today intraday charts
1- Firstly up moves after posiitve opening
2- Whole day down moves
3- Sharp up in last half hour
4- Whole day actual trading between 16439-16649
Conclusions from intra day chart analysis
Following lines were told at 12:39 AM on 01-06-2022 in " Down moves below 16522":-
sharp down moves were seen in last hour and its continuation is expected below today lowest(16522) in the coming sessions also
As was told 100% same happened and Nifty moved below 16522 as well as today lowest formed at 16438.85 today.
Although firstly up moves after posiitve opening but selling developed therefore down moves remained continued and its continuation is expected despite sharp up in last half hour today.