On going rally continuation
Nifty-Intra Day Charts Analysis &
Market Outlook(15-12-2023)
Nifty-Intra Day Chart (Dec 13 & Dec 14,2023):-
Technical Patterns formation in last 2 sessions intraday charts
1- 136 Points down in first 3 hours on 13-12-2023
2- Consolidation between 20770-20852 in Mid-session on 13-12-2023
3- Up moves with downward corrections in last 3 hours on 13-12-2023
4- More than 6 hours consolidation between 20770-20852 on 14-12-2023
5- Last 2 sessions actual trading between 20770-21210
Conclusions from last 2 sessions
intra day chart analysis
Following lines were told at 09:42 PM on 12-12-2023 in "Down moves continuation expectations":-
today started down moves continuation
is expected in the coming session also.
As was told 100% same happened &
Nifty moves down 136 Points
in first 3 hours on 13-12-2023
As good intraday selling on 12-12-2023 therefore firstly Nifty moved down 136 Points on 13-12-2023 but consolidation developed between 20770-20852 in Mid-session and Up moves with downward corrections were also seen in last 3 hours also hence whole day consolidation will be understood on 13-12-2023 resultant 160 points gap up strong opening was seen today. Almost whole day consolidation between 20770-20852 today therefore on going rally will remain continued in the coming sessions also.