Today highest will confirm strong
Pull Back rally beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(13-01-2023)
Nifty-Intra Day Chart (12-Jan-2023):-
Technical Patterns formation in today intraday charts
1- Selling between 17906-17945
2- Sharp fall
3- More than 5 hours consolidation between 17762-17851
4- Whole day actual trading between 17762-17945
Conclusions from intra day chart analysis
Although firstly up moves after positive opening but selling developed therefore sharp fall was seen in first hour. As more than 5 hours consolidation between 17762-17851 which was within and previous supports range(17796-17879) therefore this supports range has strengthened and firstly up moves are expected towards today intraday selling range(17906-17945)
Finally sustaining above today highest should be watched in the coming sessions for strong Pull Back rally beginning confirmations.