Immediate supports and resistances
will confirm Short Term moves
amid melting Global markets
Nifty-Intra Day Chart Analysis &
Market Outlook(01-09-2022)
Nifty-Intra Day Chart (30-Aug-2022):-
Technical Patterns formation in today intraday charts
1- Whole day rally after gap up strong opening
2- Whole day actual trading between 17402-17777
Conclusions from intra day chart analysis
Although whole day rally after gap up strong opening on 30-08-2022 and closing was above 2 immediate resistances as well as intraday selling patterns were not seen but Global markets are melting therefore SGX Nifty is trading more than 200 points down at this moment.
As Global markets led intraday volatility may be seen tomorrow therefore sustaining beyond following immediate supports and resistances should be watched in the coming sessions for Short Term moves beginning confirmations :-
1- Immediate supports are between 17226-17380
2- Immediate resistances are between 17522-17726