Down moves expectations below
today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(07-10-2022)
Nifty-Intra Day Chart (06-Oct-2022):-
Technical Patterns formation in today intraday charts
1- Up moves after gap up strong opening
2- Selling between 17380-17428
3- Selling between 17348-17362
4- Whole day actual trading between 17314-17428
Conclusions from intra day chart analysis
Although firstly up moves after gap up strong opening but higher levels selling developed therefore slipping. As follow up selling in last hour also therefore down moves are expected below today lowest.