Correction continuation towards
next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(23-08-2022)
Nifty-Intra Day Chart (22-Aug-2022):-
Technical Patterns formation in today intraday charts
1- 128 Points sharp fall in first 3 minutes after gap down opening
2- More than 4 hours selling between 17522-17595
3- Down moves in last hour
4- Whole day actual trading between 17468-17690
Conclusions from intra day chart analysis
Live Proofs of our 100% accurate
Nifty analysis
1- Following lines were told on 18-08-2022 in "Firstly down moves and finally today trading range will confirm next intraday decisive moves":-
firstly down moves and intraday trading is expected within today trading range tomorrow
As was told 100% same happened and Nifty
closed 198 points down on 19-08-2022
2- Following lines were told on 20-08-2022 in "Watch next Levels & Supports after 2808 points gaining 44 sessions old Wave-A rally correction beginning":-
A- Friday started correction is expected in the beginning of next week also.
B- strong signals of its correction have emerged in previous week on intraday,EOD and Weekly charts
As was told 100% same happened and
Nifty closed 267 Points down today
Today 128 points sharp fall in first 3 minutes and after that more more than 4 hours good selling between 17522-17595 therefore down remained continue till last hour. As only intraday selling today therefore correction continuation is expected in the coming sessions towards those next supports which have already been posted in previous Outlook on 20-08-2022.