Watch 19437-19472 for next intraday decisive moves beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(24-08-2023)
Nifty-Intra Day Chart (23-Aug-2023):-
Technical Patterns formation in today intraday charts
1- 72 Points down in first hour after positive opening
2- Consolidation between 19367-19393
3- Up moves in Mid-session
4- Last 3 hours sideways trading between 19437-19472
5- Whole day actual trading between 19367-19472
Conclusions from intra day chart analysis
Although positive opening but intraday selling was seen yesterday therefore Nifty could not sustain and firstly 72 Points down moves were seen in first hour as well as Nifty slipped below yesterday lowest(19382). As lower levels some consolidation therefore up moves were seen in Mid-session but higher levels 3 hours sideways trading between 19437-19472 in which one sided trading patterns were not seen therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations.