17847-17902 will confirm next
intraday decisive moves beginning
Nifty-Intra Day Chart Analysis & Market
Outlook(27-01-2023)
Nifty-Intra Day Chart (25-Jan-2023):-
Technical Patterns formation in today intraday charts
1- Sharp fall after negative opening.
2- Minor consolidation between 17847-17902 in last 4 hours
3- Whole day actual trading between 17847-18100
Conclusions from intra day chart analysis
Although more than 250 points sharp fall in first 2 hours after negative opening but lower levels minor consolidation was also seen in last 4 hours between 17847-17902 therefore firstly some up moves above 17902 and towards last Wednesday highest are expected. Finally sustaining beyond 17847-17902 should be watched tomorrow for next intraday decisive moves beginning confirmations.