Watch levels for first signal of
next decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(21-04-2023)
Nifty-Intra Day Chart (20-Apr-2023):-
Technical Patterns formation in today intraday charts
1- Sharp up moves after flat opening
2- 96 Points down in next one hour
3- Sideways trading in last 5 hours between 17585-17633
4- Whole day actual trading between 17585-17684
Conclusions from intra day chart analysis
Following lines were told on 15-04-2023 in "Finally watch 17600 amid Short Term correction expectations":-
As was told on 15-04-2023 100% same happened in last 4 sessions of this week in folloowing manner:-
1- Short Term correction was seen in this week.
2- Nifty traded below 17600 in 3 sessions and traded near about in all the 4 sessions of this week.
Although firstly sharp up moves after flat opening but not sustaining at higher levels and 96 Points down moves were also seen in next one hour therefore volatile trading will be understood in first hour today. As sideways trading developed in last 5 hours between 17585-17633 and most time one sided intraday trading patterns formations were not seen therefore firstly sustaining beyond this range should be watched tomorrow for first signal of next decisive moves beginning.