19513-19681 will confirm next
decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(20-10-2023)
Nifty-Intra Day Chart (19-Oct-2023):-
Technical Patterns formation in today intraday charts
1- Down moves after 125 points weaker opening
2- Consolidation between 19513-19545
3- Consolidation between 19554-19593
4- Sharp up
5- Selling between 19628-19681
6- Whole day actual trading between 19513-19681
Conclusions from intra day chart analysis
Although firstly down moves after 125 points weaker opening but lower levels consolidation developed therefore sharp up moves were seen in Mid-session. As selling also in the last more than 3 hours which was near the intraday higher levels therefore whole day today trading will be understood with Mixed patterns formations within today trading range.
Expected that Nifty will firstly trade within 19513-19681 and prepare for next decisive moves beginning within and near about today trading range(19513-19681) as well as finally sustaining it beyond will confirm it which should be watched in the coming sessions.