Immediate supports will confirm
next intraday decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(26-08-2022)
Nifty-Intra Day Chart (25-Aug-2022):-
Technical Patterns formation in today intraday charts
1- Selling between 17671-17726
2- Sharp fall in last hours
3- Whole day actual trading between 17488-17726
Conclusions from intra day chart analysis
Although firstly up moves after gap up opening but good selling developed which remained continued more than 4 hours therefore sharp fall was seen in last hours.
3 Resistances were updated above today selling range(17671-17726) on 20-08-2022 in "Watch next Levels & Supports after 2808 points gaining 44 sessions old Wave-A rally correction beginning" and fresh good selling was seen below it today therefore these resistances have become stronger and until complete consolidation will not develop till then decisive up moves will not be seen above 17726.
As immediate supports are between 17425-17470 therefore firstly sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.