Expected correction may be deeper
Nifty-Intra Day Chart Analysis &
Market Outlook(14-09-2022)
Nifty-Intra Day Chart (13-Sep-2022):-
Technical Patterns formation in today intraday charts
1- Up moves in Bearish Rising Channels
2- Selling between 18059-18088
3- Whole day actual trading between 18016-18088
Conclusions from intra day chart analysis
Although whole day positive zone trading after gap up opening and today closing was with 0.75% gains also but whole day good intraday selling patterns were seen therefore down moves are expected tomorrow.
As more than 5 hours yesterday trading was with Mixed Patterns formation between 17936-17980 which menas that intraday selling patterns were also seen and intraday selling patterns were developed last Friday as well therefore expected correction may be deeper because last 2 sessions Indian markets up moves were due to Bullish Global markets sentiments.