Sustaining beyond 19728-19842 will
confirm next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(20-07-2023)
Nifty-Intra Day Chart (19-Jul-2023):-
Technical Patterns formation in today intraday charts
1- Selling between 19811-19839
2- Sharp down
3- Consolidation between 19728-19759
4- Consolidation between 19758-19799
5- Sharp up
6- Selling between 19831-19842
7- Whole day actual trading between 19728-19851
Conclusions from intra day chart analysis
As good intraday selling yesterday and firstly higher levels selling also after positive opening therefore sharp down moves were seen within first 2 hours. Although lower levels good consoidation and after that sharp up moves were also seen but higher levels some selling also in last 15 minutes.
Whole day lower levels consolidation and higher levels selling between 19728-19842 therefore firstly Nifty will firstly trade and prepare for next decisive moves within and near about this range. As finally sustaining beyond 19728-19842 will confirm next decisive movesbeginning therefore firstly sustaining beyond this range should be watched tomorrow for rally conitnuation above 19842 or very Short Term correction beginning below 19728.