Crucial supports range will confirm
next big moves
Nifty-Intra Day Chart Analysis &
Market Outlook(12-01-2023)
Nifty-Intra Day Chart (11-Jan-2023):-
Technical Patterns formation in today intraday charts
1- Almost whole day sideways trading between 17867-17976
2- Whole day actual trading between 17825-17976
Conclusions from intra day chart analysis
Previous supports between 17796-17879 was posted in both previous Outlooks and:-
1- Nifty got supports within this range between 17856-17925 yesterday.
2- Nifty traded whole day within and above this range today.
As Nifty traded within this previous supports range and closed above it also in both previous sessions therefore this supports range has become crucial and firstly sustaining it beyond should be watched in the coming sesions for next big moves beginning confirmations.