Valid break out of 19710-19787 will confirm next intraday decisive moves
Nifty-Intra Day Chart Analysis & Market
Outlook(22-09-2023)
Nifty-Intra Day Chart (21-Sep-2023):-
Technical Patterns formation in today intraday charts
1- 160 Points fall in first hour after gap down opening
2- More than 5 hours sideways trading between 19710-19787
3- Whole day actual trading between 19710-19848
Conclusions from intra day chart analysis
As most Asian markets were trading in Red and some were more than 1% down therefore firstly 160 Points fall was seen in first hour after gap down opening. More than 5 hours sideways trading between 19710-19787 which was near about lower levels of the day and some supports was also seen at lower levels also therefore firstly valid break out of 19710-19787 should be watched in the coming sessions for next intraday decisive moves beginning confirmations.