Watch 17632-17695 for next decisive intraday moves beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(12-08-2022)
Nifty-Intra Day Chart (11-Aug-2022):-
Technical Patterns formation in today intraday charts
1- Whole day Mixed Patterns formation between 17632-17695
2- Whole day actual trading between 17632-17719
Conclusions from intra day chart analysis
As all the strong closing of US markets yesterday and Asian markets were blasting today morning as well as good intraday consolidation yesterday therefore huge gap up opening was seen today.
Although today closing was little above today lowest after some higher levels selling but consolidation patterns were also seen therefore today trading will be understood with Mixed Patterns formation. Firstly follow up moves and after that sustaining beyond 17632-17695 should be watched tomorrow for next decisive intraday moves beginning confirmations.