Immediate supports & resistances will confirm next Short Term moves
Nifty-Intra Day Chart Analysis &
Market Outlook(23-09-2022)
Nifty-Intra Day Chart (22-Sep-2022):-
Technical Patterns formation in today intraday charts
1- Whole day only intraday volatility
2- Whole day actual trading between 17533-17722
Conclusions from intra day chart analysis
As all the Asian markets were trading in deep Red after Post FOMC announcements led US markets crash therefore Indian markets firstly slipped after gap down opening but clear sellling patterns were not seen yesterday and some consolidation was also seen therefore Nifty could not sustain at lower levels and Nifty recovered 190 points as well as traded within yesterday trading range(17664-17838)
Whole day only intraday volatility today and any side intraday trading patterns were not seen as well as Nifty out performed because Nifty closed 0.50% down while all the Asian markets closed more than it therefore firstly sustaining beyond immediate supports( 17477-17591) and resistances(17763-17798) should be watched tomorrow for next Short Term moves beginning confirmations.