Watch 19431-19469 amid intraday 

correction expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(07-07-2023)

Nifty-Intra Day Chart (06-Jul-2023):-

Technical Patterns formation in today intraday charts

1- Up moves after negative opening

2- More than 4 hours Mixed Patterns formation between 19431-19469

3- Up moves in Bearish Rising Channel

4- Whole day actual trading between 19373-19512

Conclusions from intra day chart analysis 

Although negative opening but after that up moves were seen and today closing was at the top of the day. As more than 4 hours mixed Patterns formation between 19431-19469 and last hour up moves were in Bearish Rising Channel therefore firstly intraday correction is expected towards this range and finally sustaining beyond this range will confirm next intraday decisive moves beginning which should be finally watched for its confirmations.

Watch 19340-19421 for next decisive moves beginning confirmations

Nifty-Intra Day Chart Analysis & 

Market Outlook(06-07-2023)

Nifty-Intra Day Chart (05-Jul-2023):-

Technical Patterns formation in today intraday charts

1- Whole day sideways trading between 19340-19421

2- Whole day actual trading between 19340-19421

Conclusions from intra day chart analysis 

As whole day sideways trading between 19340-19421 and one sided intraday trading patterns formations were not seen today therefore firstly sustaining beyond today trading range should be watched tomorrow for next decisive moves beginning confirmations.

 Short Term correction below today lowest

Nifty-Intra Day Chart Analysis &

 Market Outlook(05-07-2023)

Nifty-Intra Day Chart (04-Jul-2023):-

Technical Patterns formation in today intraday charts

1- Sharp fall in first hour and trading 22 points down after 84 points gap up strong opening.

2- Up moves with downward corrections

3- Selling between 19379-19434 in last more than 3 hours

4- Whole day actual trading between 19300-19434

Conclusions from intra day chart analysis 

Although 84 points gap up strong opening but higher levels good intraday selling was seen in previous trading session therefore fresh consolidation was firstly required hence sharp fall developed in first hour and Nifty traded 22 points down also. As lower levels fresh consolidation through up moves with downward corrections therefore up moves started which remained continued till 01:30 PM but higher levels selling selling was also seen between 19379-19434 in last more than 3 hours therefore Short Term correction below today lowest(19300) is expected.

Short Term correction expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(04-07-2023)

Nifty-Intra Day Chart (03-Jul-2023):-

Technical Patterns formation in today intraday charts

1- Volaitlity in first 2 hours between 19254-19334 after gap up strong opening

2- Selling between 19303-19328

3- Whole day actual trading between 19235-19345

Conclusions from intra day chart analysis 

Although gap up strong opening but after that volaitlity in first 2 hours and selling was seen in Mid-Session therefore Short Term correction is expected tomorrow despite today closing near life time highest.