Firstly watch 23201-23351 for next intraday decisive moves beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(20-03-2026)
Nifty-Intra Day Chart (19-Mar-2026):-
Technical Patterns formation in today intraday charts
1- 420 points gap down and 580 Points weaker opening
2- More than 4 hours selling between 23201-23351 (immediate Resistances)
3- Down moves in Bullish Falling Channel
4- Whole day trading between 22931-23378
Conclusions from intra day
chart analysis
As West Asia war has been completely escalated therefore all the Global markets were in crashing mode hence sentiment was completely depressed and resultant firstly 420 points gap down and 580 points weaker opening was seen. Although firstly more than 4 hours selling after such weaker opening but downward moves were in Bullish Falling Channel in the last 2 hours also therefore lower levels consolidation will also be understood and firstly upward moves will be seen.
As more than 4 hours selling between 23201-23351 and until Nifty will not sustain above this immediate Resistance range after complete consolidation till then any decisive upward move will not be seen above it and firstly sustaining beyond 23201-23351 should be watched for next intraday decisive moves beginning confirmations.