Up moves expectations above
today highest
Nifty-Intra Day Chart Analysis &
Market Outlook(11-11-2022)
Nifty-Intra Day Chart (10-Nov-2022):-
Technical Patterns formation in today intraday charts
1- 145 Points fall in first 40 minutes after gap down opening
2- Up moves with downward corrections
3- Down moves in Bullish Falling Channel
4- Consolidation between 17970-18012
5- Minor up moves in last half hour
6- Whole day actual trading between 17970-18103
Conclusions from intra day
chart analysis
Although firstly 145 points fall in first 40 minutes after gap down opening and Nifty closed Nifty closed 0.71% down also but after that consolidation was seen at lower levels and other 2 consolidation patterns also developed therefore minor up moves were seen in last half hour.
As good intraday consolidation patterns formations today therefore up moves are expected above today highest(18103) in the coming sessions.