Firstly watch sustaining beyond 19600 under Global markets depressed sentiments
Nifty-Intra Day Chart Analysis &
Market Outlook(27-09-2023)
Nifty-Intra Day Chart (26-Sep-2023):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channels
2- Consolidation between 19638-11656
3- Whole day actual trading between 19638-19699
Conclusions from intra day chart analysis
Although minor negative closing after whole day sideways trading within 61 points but whole day good intraday consolidation was seen through most time Down moves in Bullish Falling Channels and lower levels consolidation also therefore finally up moves are expected above day's highest(19699).
As deeper down moves were seen in US and most European markets yesterday therefore sentiment may be much depressed and weaker opening may also be been seen in Indian markets tomorrow. Good intraday consolidation has been seen above 19600 in last 2 seen therefore firstly sustaining beyond 19600 should be watched tomorrow for next decisive moves beginning confirmations which will be under dampened Global markets sentiments.