More down moves below next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(14-07-2023)
Nifty-Intra Day Chart (13-Jul-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after strong opening
2- More than 3 hours selling between 19515-19567
3- Sharp fall in last 2 hours
4- Whole day actual trading between 19386-19567
Conclusions from intra day chart analysis
As blasting Asian markets therefore firstly up moves were seen after strong opening but good intraday selling was seen in last sessions therefore could not sustain above previous Outlook posted next resistances(19440-19515) and fresh selling developed as well therefore Nifty fallen sharply in last 2 hours. Although positive closing today but more than 3 hours selling and Nifty closed below next resistances also at 19413.75 therefore more down moves below next resistances will be seen in the coming sessions.