21794-21893 will confirm next
intraday decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(20-03-2024)
Nifty-Intra Day Chart (19-Mar-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 21924-21970
2- Sharp fall
3- More than 5 hours trading with Mixed Patterns formation between 21794-21893
4- Whole day actual trading between 21794-21978
Conclusions from intra day chart analysis
As firstly selling after 109 points weaker opening therefore sharp fall was seen within first half hour. Although Nifty closed 1.08% down and near the lower levels of the day as well as near the lower levels of on going correction but more than 5 hours trading was with Mixed Patterns formation between 21794-21893 therefore firstly sustaining beyond of this range should be watched tomorrow for next intraday decisive moves beginning confirmations.