Down moves after expected below
day's lowest and towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(13-10-2023)
Nifty-Intra Day Chart (12-Oct-2023):-
Technical Patterns formation in today intraday charts
1- 70 Points fall in first hour after flat opening
2- Whole day selling between 19773-19836
3- Whole day actual trading between 19773-19843
Conclusions from intra day chart analysis
As firstly 70 Points fall in first hour after flat opening and after that whole day selling between 19773-19836 and intraday consolidation patterns were not seen therefore down moves after expected below day's lowest and towards next supports:-
1- 19648-19677
2- 19589-19623