Next decisive up moves after
fresh consolidation
Nifty-Intra Day Chart Analysis &
Market Outlook(02-03-2023)
Nifty-Intra Day Chart (01-Mar-2023):-
Technical Patterns formation in today intraday charts
1 Up moves after positive opening
2- Consolidation between 17396-17445
3- Selling between 17446-17467
4- Whole day actual trading between 17346-17467
Conclusions from intra day
chart analysis
As firstly up moves after positive opening and after that good consolidation in Mid-session between 17396-17445 therefore Nifty traded 163 points up today. Although today closing was near the higher levels of the day with 0.85% gains but higher levels some selling was also seen in last hour between 17446-17467 therefore Nifty will firstly trade for fresh consolidation within and near about 17446-17467 and after that next decisive up moves will be seen above today highest(17467).