Fresh Up moves only after sustaining
above 20096
Nifty-Intra Day Chart Analysis &
Market Outlook(14-09-2023)
Nifty-Intra Day Chart (13-Sep-2023):-
Technical Patterns formation in today intraday charts
1- Firstly down moves after negative opening
2- Up moves with downward corrections
3- Sideways trading in last 2 hours between 20055-20096
4- Whole day actual trading between 19945-20096
Conclusions from intra day chart analysis
Although firstly down moves after negative opening but getting supports within yesterday mentioned supports(19918-19959) therefore up moves started which remained continued in Mid-sessions. As these up moves were with downward corrections therefore consolidation will be understood during Mid-session trading and some up moves will be expected but sustaining above last 2 hours sideways trading range(20055-20096) is must because some selling was also seen within this range and fresh consolidation is also firstly required for sustaining above today highest.