Down moves towards next Supports
Nifty-Intra Day Chart Analysis &
Market Outlook(08-05-2024)
Nifty-Intra Day Chart (07-May-2024):-
1- Down moves with upward corrections after positive opening
2- More than 4 hours trading with selling Patterns formation between 22233-22327
3- Whole day actual trading between 22233-22499
Conclusions from intra day chart analysis
Although positive opening but selling started through down moves with upward corrections and lower levels more than 4 hours trading with selling Patterns also therefore whole day good intraday selling will be understood and resultant down moves are expected below day's lowest(22233) and towards following next supports in the coming sessions:-
1- 22199-22258
2- 21886-22027