Down moves expectations
towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(03-11-2022)
Nifty-Intra Day Chart (02-Nov-2022):-
Technical Patterns formation in today intraday charts
1- 50 Points fall in first minute after positive opening
2- More than 5 hours down moves with upward corrections
3- Whole day actual trading between 18049-18178
Conclusions from intra day chart analysis
Although positive opening but 50 Points fall in first minute and after that more than 5 hours down moves with upward corrections and consolidation patterns were not seen therefore down moves are expected towards following next supports:-
1- 17938-17964
2- 17724-17765