Today, on 22nd February 2023 Nifty Index gap-down opening of 80 points. This is another negative session and it drags all the stocks. Some negative impacts are shown on the Global market yesterday. That’s why the market sentiment is showing very negatively. Every slight recovery is a strong selling pressure and hitting the stop loss for those who build a long position for intraday trading. The most scenario is not good as expected. Dowjones closed near 2% negative and other indexes also trending the same including the nifty index. In terms of major stock indexes, the US markets have been on an uptrend, with the S&P 500 and Nasdaq reaching record highs, while the Dow Jones Industrial Average has also been performing well. European markets have been mixed, with some indexes such as the FTSE 100 and DAX performing well, while others such as the CAC 40 have experienced some volatility.

Nifty Index Technical Performance – 1 minute chart time frame

On the basis of the 1-minute chart, we can see some terrific charts shown below. Any of intraday trader can trape with this market. Most of the day index goes too much volatility. Simple 20-30 points recovery is also much more difficult for intraday traders. Gap dow opening then a small recovery of 20 points approx which was some how a relief at that time and many traders expected for good recovery from that point. But that did not happen. After 9:40 AM nifty index slide, and within 15 minutes it was another 80 points down from the top. Till 1:00 pm slightly and slowly hit the 17600 area which is another 60 points down. At the time of 01:00 pm nifty index was at the 17600 level which is near 220 points total down digit. The below chart is a reference to the Nifty Index. Chart time frame 1 minute.

Nifty Index Technical Performance – 3-minute chart time frame

Last trading session we posted the view of nifty where 3 minutes chart has some scope of intraday trading. Today we will discuss the scope of trading based on 3 min. chart.

In this chart, we can see a long negative trade going on. In this negative session, we found a positive divergence on CCI panel / indicator. That was risky for the 0.10% trading method. If you do not know the 0.10% tricks for option trading then wait for some time where we will publish some steps to get the 10% option return from the 0.10% return. I know you are confused. Special content coming soon on this website. In this chart we can see and 15 points trading opportunity. But it was also risky trading as the CCI confirmation was not clear.

Nifty Index Technical Performance – 30-minute chart time frame

In this chart, we can see massive down candles. Nifty index not able to sustain any points which is too much bearish indication. Investors and traders often track the movements of the Nifty Index to make informed investment decisions. Technical analysis and fundamental analysis are commonly used to predict the future direction of the index. Now some days Nifty index reacting the three main factors. One is Indian General Budget, Adani report and another is Global impact. These three factors drag the Nifty index heavily along with stocks. Near 1:30 pm nifty was at 240 points down and it stands at 17580 zone. Heavy selling pressure from the broking house happens and it still continuing the trend.

Investors and traders often use technical analysis and fundamental analysis to predict the future direction of the Nifty Index. However, it’s important to remember that predicting market trends accurately is not always possible, and there is always a risk of losses in stock market investments.

After 2:00 pm Nifty index move from the bottom of 17530 level and touch 17580 zone. This recovery is mostly the highest digit recovery point entire the trading time till 2:40 pm. During this time we check the other stocks including some specific banking stocks which showing technically good and best to buy or accumulate. NSE Advance and Decline are 5 & 45 respectively. For more information, you can visit at NSE site.

For the next trading session, we are expecting a big recovery session with a healthy intraday trading opportunity. Tommor is the weekly future expiry session. So, this may be either a volatile market or maybe a long trend for recovery. We are looking for some healthy opening on global market also. During this time on 2:45 pm Nifty index was trading at 17580 which stand near 240 points negative and the Banknifty index was 40100 which is 570 points negative.