17909-17965 Will confirm next
Short Term intraday moves
Nifty-Intra Day Chart Analysis &
Market Outlook(18-08-2022)
Nifty-Intra Day Chart (17-Aug-2022):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections
2- Sideways trading between 17909-17943
3- Volatility in last hour between 17925-17965
4- Whole day actual trading between 17834-17965
Conclusions from intra day chart analysis
As firstly up moves with downward corrections and after that sideways trading in Mid-session as well as clear intraday selling patterns were not seen therefore on going rally remained continued till last hour.
Although today closing was at the top of on going rally but volatility in last hour between 17925-17965 and sideways trading also between 17909-17943 therefore 17909-17965 will be understood without one sided patterns formations and valid break out this range should be watched in the coming sessions for next Short Term intraday moves confirmations.