Firstly down moves & today
lowest will confirm sharp fall
Nifty-Intra Day Chart Analysis &
Market Outlook(07-09-2022)
Nifty-Intra Day Chart (06-Sep-2022):-
Technical Patterns formation in today intraday charts
1- 177 Points fall in first hour after positive opening
2- Up moves with downward corrections
3- Selling between 17672-17715
4- Sharp fall in last hour
5- Whole day actual trading between 17588-17764
Conclusions from intra day chart analysis
Although firstly up moves after positive opening but 177 Points fall in first hour and after that some up moves were seen. As selling developed in Mid-session and intrday consolidation was not seen therefore sharp fall in last hour and firstly down moves are expected towards today lowest(17588),once sustaining below it will mean sharp fall towards next supports between 17477-17533.