Down moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(19-10-2023)
Nifty-Intra Day Chart (18-Oct-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after flat opening
2- Selling between 19624-19440
3- Sharp fall
4- Selling between 19673-19724
5- Whole day actual trading between 19660-19840
Conclusions from intra day chart analysis
Although firstly up moves after flat opening but higher levels selling developed therefore sharp fall was seen after that. As follow up selling in the last more than 3 hours therefore today closing was near the lower levels of the day and down moves will remain continued towards following next supports in the coming sessions:-
1- 19589-19623
2- 19488-19540