Firstly watch 22098-22155 amid down moves expectations below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(28-03-2024)
Nifty-Intra Day Chart (27-Mar-2024):-
Technical Patterns formation in today intraday charts
1- 2 Times sharp up moves
2- 5 Hours selling between 22138-22193
3- Volatility in last half hour between 22098-22155
4- Whole day actual trading between 22053-22193
Conclusions from intra day chart analysis
Although firstly 2 times sharp up move after positive opening but higher levels 5 hours selling was seen between 22138-22193 therefore Nifty could not sustain at higher levels. As volatility also in last half hour between 22098-22155 therefore:-
1- Firstly sustaining beyond 22098-22155 should be watched tomorrow for next intraday decisive moves beginning confirmations
2- Amid down moves expectations below today lowest(22053) because higher levels 5 hours good selling was seen today.