Firstly watch sustaining beyond 19704-19825 for next decisive moves beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(23-11-2023)
Nifty-Intra Day Chart (22-Nov-2023):-
Technical Patterns formation in today intraday charts
1- Selling between 19788-19825
2- Sharp down
3- Consolidation between 19704-19755
4- Sharp up
5- Sideways between 19799-19816
6- Whole day actual trading between 19704-19825
Conclusions from intra day chart analysis
Although firstly some up moves after flat opening but higher levels good selling therefore sharp fall was seen after that. As lower levels consolidation also developed therefore sharp up moves were seen after that.
As both lower levels consolidation and higher levels selling developed today therefore whole day today intraday trading will be understood with Mixed patterns formations between 19704-19825 and Nifty will firstly trade as well as prepare for next decisive moves within this range. Firstly sustaining beyond today trading range(19704-19825) should be watched tomorrow for next decisive moves beginning confirmations.