Finally sustaining beyond today trading 

range will confirm that side 

decisive moves beginning 

Nifty-Intra Day Chart Analysis & 

Market Outlook(22-12-2023)

Nifty-Intra Day Chart (21-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Down moves after 116 points weaker opening

2- Up moves with downward corrections

3- Up moves in Bearish Rising Channels

4- Whole day actual trading between 20977-21288

Conclusions from intra day chart analysis 

Firstly down moves after 116 points weaker opening and Nifty traded 173 points down also but lower levels some consolidation was seen through up moves with downward corrections. Although up moves remained continued till last minutes and Nifty closed with 104.90 points gains also but last 4 hours up moves were in Bearish Rising Channels therefore higher levels selling patterns will be understood.

As today trading was with lower levels consolidation and higher levels selling therefore Nifty will firstly trade and prepare for next decisive moves within and near about today trading range as well as finally sustaining beyond today trading range will confirm that side decisive moves beginning.

Firstly watch next strong supports for the life and length of today started correction

Nifty-Intra Day Chart Analysis & 

Market Outlook(21-12-2023)

Nifty-Intra Day Chart (20-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Selling between 21481-21593

2- Down moves with upward corrections

3- Whole day actual trading between 21088-21593

Conclusions from intra day chart analysis 

Outlooks of last 2 sessions are live proofs of this fact that:- 

1- we were Bearish because selling patterns were also developed in last 2 sessions intraday charts.

2- We also told for "Down moves expectations" in the coming sessions in the Outlook for 19-12-2023.

Although gap up strong opening today but fresh selling developed in first 4 hours and last 2 hours down moves were with upward corrections as well as inraday selling was seen in last sessions therefore Nifty closed 1.41% down today after loosing more than 300 points.

As Long Black Candle formations with today closing was below last 3 sessions lowest which means that strong signals of Short term correction beginning hence firstly sustaining beyond next strong supports(20770-20852) should be watched in the coming sessions for the life and length of today started correction.

 Firstly watch sustaining beyond 21338-21505 for next one sided decisive moves beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(20-12-2023)

Nifty-Intra Day Chart (19-Dec-2023):-

Technical Patterns formation in today intraday charts

1- 139 Points fall in first hour after positive opening 

2- Consolidation between 21338-21405

3- Sharp up

4- Up moves in Bearish Rising Channels

5- Sharp down in last hour

6- Whole day actual trading between 21338-21505

Conclusions from intra day chart analysis 

Although positive opening but could not sustain at higher levels and 139 Points fall was seen in first hour because good intraday selling was seen yesterday. As lower levels consolidation developed therefore Nifty moved up sharply also but after that up moves were in Bearish Rising Channels which is a selling pattern hence sharp down moves were also seen in last hour.

As whole day today trading will be understood with both lower levels consolidation and selling patterns formations therefore firstly Nifty will have to trade and prepare for next one side decisive moves which will be firstly done within and near about today trading range(21338-21505). Finally sustaining beyond today trading range will confirm next one sided moves beginning which should be firstly watched tomorrow.

Down moves expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(19-12-2023)

Nifty-Intra Day Chart (18-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Selling Patterns formation between 21434-21482

2- Selling Patterns formation between 21419-21451

3- Whole day actual trading between 21366-21482

Conclusions from intra day chart analysis 

As most Asian markets were trading in Red therefore firstly little weaker opening of indian markets but up some up moves were also seen after that. Firstly higher levels selling Patterns formation in first 3 hours and after that again selling Patterns formation in last 2 hours therefore down moves are expected in the coming sessions.