Fresh up moves towards
next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(21-03-2024)
Nifty-Intra Day Chart (20-Mar-2024):-
Technical Patterns formation in today intraday charts
1- Minor selling between 21842-21894
2- Down moves
3- Consolidation between 21711-21791
4- Sharp up
5- Last 4 hours consolidation between 21824-21930
6- Whole day actual trading between 21711-21930
Conclusions from intra day chart analysis
Although firstly minor selling in first half hour but decisive down moves were seen and Nifty traded more than 100 points down also because higher levels good intraday selling was seen in previous sessions. As lower levels consolidation developed therefore sharp up moves were seen and after that higher levels follow up consolidation also in the last 4 hours therefore fresh up moves will be seen in the coming session towards next resistances(22063-22204).