18282 will confirm next
decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(18-11-2022)
Nifty-Intra Day Chart (17-Nov-2022):-
Technical Patterns formation in today intraday charts
1- Selling between 18382-18417
2- Sharp fall in last half hpur
3- Whole day actual trading between 18313-18417
Conclusions from intra day chart analysis
Selling was seen between 18405-18442 yesterday and follow nup selling developed within and below it between 18382-18417 therefore sharp fall in last half hpur and today closing was near the lower levels of the day.
As good intraday selling in last 2 sessions therefore expected that down mones will be seen towards the lowest of next strong supports range(18282-18349) and firstly sustaining beyond 18282 should be watched tomorrow for:-
1- Sustaining Below 18282 will will mean Short Term correction beginning after last 5 sessions trading range breaking down confirmations
2- Sustaining above 18282 will mean firstly up moves towards next resistances between 18382-18442.