Firstly watch 17458-17522 for
next intraday trend confirmation
Nifty-Intra Day Chart Analysis &
Market Outlook(21-10-2022)
Nifty-Intra Day Chart (20-Oct-2022):-
Technical Patterns formation in today intraday charts
1- Up moves after 88 points weaker opening
2- More than 4 hours sideways trading between 17458-17522
3- Up moves in last hour
4- Whole day actual trading between 17421-17584
Conclusions from intra day chart analysis
Although 88 points weaker opening but closing was at the top of the day because more than 4 hours sideways trading between 17458-17522 and some consolidation was seen within this range. As clear one sided trading patterns were not seen between 17458-17522 therefore firstly sustaining beyond this range should be firstly watched tomorrow for next intraday trend confirmation.