Finally sustaining beyond 19600
will confirm next Trend
Nifty-Intra Day Chart Analysis &
Market Outlook(29-09-2023)
Nifty-Intra Day Chart (28-Sep-2023):-
Technical Patterns formation in today intraday charts
1- Whole day down moves in Bullish Falling Channels
2- Support in last hour between 19493-19556
3- Whole day actual trading between 19493-19766
Conclusions from intra day chart analysis
Although finally up moves were expected after fresh consolidation between 19555-19730 but firstly some up moves were seen after flat opening. As after that down moves started which remained continued till last hour and today closing was also below most Crucial level at 19600.
As intraday selling patterns were not seen and on the contrary whole day down moves were in Bullish Falling Channels and lower levels supports were also seen therefore Watchful approach will be adopted and finally sustaining beyond 19600 will be watched in the coming sessions for next Trend formation confirmations