Watch 18059-18102 for next Short Term moves beginning confirmations
Nifty-Intra Day Chart Analysis & Market
Outlook(04-05-2023)
Nifty-Intra Day Chart (03-May-2023):-
Technical Patterns formation in today intraday charts
1- 97 Points down in first 10 minutes after weaker opening
2- Most time sideways trading between 18059-18102
3- Whole day actual trading between 18043-18116
Conclusions from intra day
chart analysis
Following conclusive line was told on 29-04-2023 in "Watch 18100 amid firstly up moves & after that sideways market":-
1- firstly up moves
2- and after that sideways market in next week.
As was told 100% same happened and:-
1- Nifty closed 82 points up yesterday.
2- Nifty traded most time sideways within 43 points between 18059-18102 today.
Although firstly 97 Points down moves in first 10 minutes after weaker opening but after that most time sideways trading between 18059-18102 and Nifty hovered around 18100 also therefore firstly sustaining beyond 18059-18102 should be watched in the coming sessions for next Short Term moves beginning confirmations.