Up moves expectations towards
next strong resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(26-09-2023)
Nifty-Intra Day Chart (25-Sep-2023):-
Technical Patterns formation in today intraday charts
1- Consolidation between 19602-19651
2- Sharp up moves
3- Selling between 19709-19734
4- Sharp fall
5- Consolidation between 19630-19682
6- Whole day actual trading between 19602-19734
Conclusions from intra day chart analysis
Although down moves after flat opening but lower levels good consolidation developed therefore sharp up moves were seen in Mid-session. As higher levels selling also therefore sharp fall was seen after that but again consolidation was seen in last 2 hours.
As lower levels good consolidation therefore up moves are expected towards next strong resistances between 19759-19796 and sustaining it beyond should be watched in the coming sessions for next decisive moves beginning after on going Short term correction completion.