Up moves towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(11-10-2023)
Nifty-Intra Day Chart (10-Oct-2023):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 19566-19717
Conclusions from intra day
chart analysis
As most Global markets were trading in Green therefore Whole day up moves were seen with downward corrections in Indian markets also and closing was near the higher levels of the day.
Intraday consolidation was seen through up moves with downward corrections despite high Geo-Political tension therefore it will be understood that buying was done by stronger hands and up moves will be expected towards next resistances(19763-19798) and firstly sustaining it beyond should be watched for next big moves beginning confirmations.