Levels will confirm next 

Short Term Trend

Nifty-Intra Day Chart Analysis & 

Market Outlook(24-06-2022)

Nifty-Intra Day Chart (23-Jun-2022):-

Technical Patterns formation in today intraday charts

1- Sharp up after positive opening

2- Selling between 15558-15628

3- Down moves in Bullish Falling Channel

4- Sharp up moves

5- Sideways trading in last hour between 15549-15590

6- Whole day actual trading between 15368-15628

Conclusions from intra day chart analysis 

Following line was told yesterday in "Up moves expectations":-

up moves are expected towards the lowest of yesterday Sideways trading range(15620)

As was told 100% same happened and up moves were seen as well as today highest was at 15628.45.

Although firstly sharp up after positive opening but higher levels selling therefore not sustaining within yesterday profit booking range above 15620 and down moves were seen. As Down moves were in Bullish Falling Channel also therefore sharp up moves developed after that. Technical positions beyond today trading range are as follows:-

1- Selling was seen above today highest and below 15707 on 21-06-2022  

2- Conoslidation was seen below today lowest and above 15192 on 20-06-2022

As both lower levels buying and higher levels selling was seen between 15192-15707 in 4 previous sessions of this week therefore expected that Nifty will trade within this range in the coming sessions and finally sustaining beyond this range will form next Short Term Trend hence should be watched in the coming sessions for its confirmations. 

 Up moves expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(23-06-2022)

Nifty-Intra Day Chart (22-Jun-2022):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels

2- Consolidation between 15386-15463 

3- Whole day actual trading between 15386-15565

Conclusions from intra day chart analysis 

Although more than 4 hours down moves after weaker opening but Down moves were in Bullish Falling Channels and consolidation was seen in last hour between 15386-15463 therefore up moves are expected towards the lowest of yesterday Sideways trading range(15620).

 Firstly watch 15620-15707 for 

next decisive moves beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(22-06-2022)

Nifty-Intra Day Chart (21-Jun-2022):-

Technical Patterns formation in today intraday charts

1- Consolidation between 15420-15472

2- Sharp up

3- Consolidation between 15645-15613

4- Sideways trading in last 3 hours between 15620-15707

5- Whole day actual trading between 15420-15707

Conclusions from intra day chart analysis 

Following conclusive line was told on 18-06-2022 in "Relief rally possibility after previous week crash":-

relief rally possibility after previous week crash

Following lines were told on 20-06-2022 in "Today started up moves continuation expectations":-

up moves were seen in last hour and its continuation is expected in the coming sessions also.

As was told 100% same happened and up moves were seen in both previous sessions of this week in following manner:-

1- Nifty gained 56 points yesterday.

2- Nifty gained 288 points today.

As firstly consolidation after gap up opening therefore sharp up moves were seen after that and follow up consolidation developed in Mid-Session also. Although 1.88% positive closing but very Short Term indicators have turned Over bought after today strong rally and higher levels some profit booking was seen therefore Nifty slipped 87 points from higher levels in last hour. 

Last 3 hours sideways trading between 15620-15707 and higher levels some profit booking also therefore firstly sustaining beyond this range should be watched tomorrow for next decisive moves beginning.

 Today started up moves 

continuation expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(21-06-2022)

Nifty-Intra Day Chart (20-Jun-2022):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Consolidation between 15253-15312

3- Down moves in Bullish Falling Channel

4- Consolidation between 15264-15322

5- Whole day actual trading between 15192-15382

Conclusions from intra day chart analysis 

Although positive opening but not sustaining at higher levels and down moves started. As Down moves were in Bullish Falling Channel therefore after that up moves were seen.

As three times good consolidation in Mid-session therefore up moves were seen in last hour and its continuation is expected in the coming sessions also.