Watch today lowest amid firstly
down moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(19-03-2024)
Nifty-Intra Day Chart (18-Mar-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 21957-22014
2- Up moves
3- Selling between 22063-22123
4- Whole day actual trading between 21916-22123
Conclusions from intra day chart analysis
Although Nifty traded 106 points down in first 2 hours after negative opening but local levels consolidation also developed therefore some up moves were seen in Mid-session. As higher levels selling also developed in last 3 hours therefore firstly down moves are expected towards today lowest(21916) and sustaining beyond today lowest should be watched tomorrow for next intraday decisive moves beginning confirmations.