Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(31-05-2023)
Nifty-Intra Day Chart (30-May-2023):-
Technical Patterns formation in today intraday charts
1- Sharp up moves from lower levels
2- Selling between 18628-18662
3- Up moves in Bearish Rising Channel
4- Selling between 18631-18647
5- Whole day actual trading between 18576-18662
Conclusions from intraday
chart analysis
Although firstly slipping after flat opening but immediately after that sharp up moves were seen from lower levels. As higher levels selling and after that follow follow up selling in Mid-sessions and last hour also therefore down moves are expected below today lowest and towards yesterday mentioned next supports(18419-18445) despite positive closing today after most time positive zone trading.