Finally sustaining beyond 22872-23110 will confirm next decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(28-05-2024)
Nifty-Intra Day Chart (27-May-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 22942-23009
2- Sharp up
3- Selling between 23054-23110
4- Sharp down
5- Whole day actual trading between 22872-23110
Conclusions from intra day chart analysis
As firstly consolidation after positive opening therefore sharp up moves were seen after that but higher levels selling therefore sharp down moves developed in last hour. Whole day mixed Patterns formation between 22872-23110 therefore Nifty will firstly trade and prepare for next decisive moves within and near about today trading range. Finally sustaining beyond today trading range will confirm next decisive moves beginning therefore it should be watched in the coming session for one sided next decisive moves beginning confirmations.