Sustaining beyond 18198-18325
will confirm next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(24-11-2022)
Nifty-Intra Day Chart (23-Nov-2022):-
Technical Patterns formation in today intraday charts
1- 73 Points fall after gap up strong opening
2- Up moves in Bearish Rising Channels
3- 64 Points sharp fall in last half hour
4- Whole day actual trading between 18246-18325
Conclusions from intra day chart analysis
Although firstly gap up strong opening but immediately 73 points fall was seen. As after that more than 4 hours up moves in Bearish Rising Channels therefore 64 points sharp fall in last half hour.
Intraday good consolidation between 18198-18225 yesterday and higher levels selling developed today therefore Nifty will trade and prepare for next decisive moves between 18198-18325 in the coming sessions and finally sustaining beyond this range will confirm it hence sustaining beyond this range should be watched for its confirmations.