Firstly sideways trading and finally sustaining beyond 22022-22186 will confirm next decisive moves
Nifty-Intra Day Chart Analysis & Market
Outlook(20-02-2024)
Nifty-Intra Day Chart (19-Feb-2024):-
Technical Patterns formation in today intraday charts
1- Firstly down moves after positive opening
2- Up moves with downward corrections
3- Selling between 22139-22186
4- Whole day actual trading between 22022-22186
Conclusions from intra day chart analysis
Although firstly down moves after positive opening but lower levels consolidation was seen through up moves with downward corrections. As higher levels more than 3 hours selling also after new life time top formations therefore whole day today trading will be understood with Mixed patterns formations
As one sided intraday trading pattrens were not seen today therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about today trading range. Finally sustaining beyond today trading range will confirm next decisive moves beginning therefore it should be watched in the coming session for one sided next decisive moves beginning confirmations.