Down moves expectations below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(23-08-2023)
Nifty-Intra Day Chart (22-Aug-2023):-
Technical Patterns formation in today intraday charts
1- Whole day sideways trading between 19382-19443
2- Selling between 19407-19443
3- Whole day actual trading between 19382-19443
Conclusions from intra day
chart analysis
Following lines were told on 19-08-2023 in "Finally watch 19237 amid firstly up moves expectations towards next resistances":-
firstly up moves expectations towards above mentioned resistances.
As was told 100% same happened and:-
1- Firstly Nifty moved up 133 Points in first 2 sessions of this week
2- 1st resistance range of Nifty was given between 19394-19415 and Nifty closed within it at 19396.45 today and just below it at 19393.60 yesterday.
Although flat closing today but higher levels good intraday selling was seen between 19407-19443 during whole day sideways trading. As today closing was within and above mentioned resistance range(19394-19415) also therefore down moves are expected below today lowest(19382)