Next supports will confirm intraday
decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(29-11-2022)
Nifty-Intra Day Chart (28-Nov-2022):-
Technical Patterns formation in today intraday charts
1- 3 Hours up moves in Bearish Rising Channel
2- Selling between 18578-18614(immediate Resistances)
3- Down moves in last hour
4- Whole day actual trading between 18500-18614
Conclusions from intra day chart analysis
As all the Asian markets were trading weak and Dow Jones Futures was also trading more than 100 points down today morning therefore firstly negative opening of indian markets and after that up moves were seen. As these 3 hours up moves were in Bearish Rising Channel and after that higher levels selling also therefore down moves developed in last hour.
Sentiment turned boosted after new life time top formations today therefore higher levels selling developed hence some down moves in last hour. As firstly 3 hours up moves in Bearish Rising Channel and after that higher levels selling therefore firstly down moves will be seen towards next supports(18357-18405) and finally sustaining beyond this range should be watched for intraday decisive moves beginning confirmations.