Watch next supports amid down
moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(13-09-2023)
Nifty-Intra Day Chart (12-Sep-2023):-
Technical Patterns formation in today intraday charts
1- 195 Points fall in first hour after more than 100 points gap up opening
2- More than 3 hours selling Patterns formations between 19978-20037
3- Whole day actual trading between 19915-20110
Conclusions from intra day chart analysis
Although more than 100 points gap up strong opening but firstly 195 Points fall was seen in first hour. As more than 3 hours selling Patterns formations also in Mid-session between 19978-20037 therefore flat closing was seen after loosing all more than 100 points gains. Good intraday selling was seen therefore down moves are expected in the coming session and firstly sustaining beyond next immediate supports(19918-19959 should be watched for next decisive moves beginning confirmations.