18719-18795 will confirm next
Short Term trend
Nifty-Intra Day Chart Analysis &
Market Outlook(20-06-2023)
Nifty-Intra Day Chart (19-Jun-2023):-
Technical Patterns formation in today intraday charts
1- Down moves after positive opening
2- Mixed Patterns formation between 18762-18795
3- Support between 18719-18745
4- Mixed Patterns formation between 18747-18785
5- Whole day actual trading between 18719-18881
Conclusions from intra day chart analysis
Although all the Asian markets were trading in Red and some markets were more than 1% down as well as Dow Jones Futures was trading in negative zone but Nifty opened in Green and firstly traded 55 points up also because good intraday consolidation was seen at lower levels levels last Friday.
As all the European markets also opened and traded in Red and resultant whole day sentiment remained Bearish today therefore selling developed in Indian markets also and down moves started which remained continued till 01:30 PM.
Lower levels supports above 18719 and more than 3 hours Mixed Patterns formation between 18747-18795 today therefore expected that Nifty will firstly traded prepare for next Short Term trend between and near about 18719-18795 as well as finally sustaining beyond this range will confirm it hence should be firstly watched tomorrow for its confirmations.