Sustaining beyond 17299-17364
will confirm next intraday
decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(28-02-2023)
Nifty-Intra Day Chart (27-Feb-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after weaker opening and firstly little slipping
2- 150 Points fall in 45 minutes
3- Consolidation between 17299-17364 in Mid-session
4- 110 Points up moves in last Hours
5- Whole day actual trading between 17299-17451
Conclusions from intra day chart analysis
As firstly up moves after weaker opening and little slipping but after that 150 points fall was seen in next 45 minutes therefore huge volatility will be understood in first hour.
Although Nifty traded 265 points weaker but lower levels good consolidation was seen between 17299-17364 in Mid-session therefore 110 points up moves developed in last Hours. As lower levels good consolidation therefore firstly sustaining beyond 17299-17364 should be watched tomorrow for next intraday decisive moves beginning confirmations.