Sustaining beyond 17655-17783 will confirm next intraday decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(28-10-2022)
Nifty-Intra Day Chart (27-Oct-2022):-
Technical Patterns formation in today intraday charts
1- Down moves with upward corrections
2- Consolidation between 17655-17712
3- More than 100 points sharp up in last half hour
4- Whole day actual trading between 17655-17783
Conclusions from intra day chart analysis
Although firstly Nifty traded 127 points up after strong opening but selling developed and that remained continued through Down moves with upward corrections. As lower levels good consolidation also developed therefore more than 100 points sharp up moves were seen in last half hour.
As lower levels consolidation after higher levels selling also therefore whole day today trading will be understood with mixed Patterns formation between 17655-17783 and firstly Nifty will traded and prepare for next intraday decisive moves within this range and finally sustaining beyond this confirm it hence should be firstly watch it tomorrow.