Nifty Intraday and Weekly view for the last week of January

22 Jan 2023

We are still trading in an indecision zone, The current market structure is sideways, and we need to wait to shift this range, either upside or downside, to predict the next move of the #nifty50 Index.

Hourly Market structure is showing some strength, but it is unreliable to view the upside; we need more confirmation. Next week will be essential for us to plan the next swing of the Index. I have marked all the Important levels on the chart to prepare for the following week.

Intraday for Monday, 23rd January 2023
The Index closed above 18,000 on the Friday trading session following the trend line support confirmed with the previous swing high, so we are making our intraday on Friday data.
Intraday long above 18,110 for the target of 18,145/18,183
Intraday short Lower than 18,000 for the target of 17,950/17,910