Down moves toward today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(29-06-2022)
Nifty-Intra Day Chart (28-Jun-2022):-
Technical Patterns formation in today intraday charts
1- Down moves after gap down opening
2- Supports between 15711-15742
3- Up moves in Bearish Rising Channels
4- Whole day actual trading between 15711-15892
Conclusions from intra day chart analysis
Following lines were told at 12:24 AM on 28-06-2022 in "Levels will confirm the life length of expected Very Short Term correction":-
Very Short Term correction is firstly expected below today lowest(15816)
As was told 100% same happened and Nifty slipped below 15816 as well as today lowest formed at 15710.15 in first hour today.
Although firstly slipping 122 points down moves after gap down opening in first hour but getting supports at lower levels and whole day up moves were seen as well as today closing was near the higher levels of the day.
As whole day today up moves were in Bearish Rising Channels and yesterday selling was seen above 15869 therefore expected that Nifty will not sustain above today highest(15892.10) and down moves will be seen toward today lowest(15710.15).