Break out of today trading range will confirm next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(25-08-2020)
Nifty-Intra Day Chart (24-Aug-2020):-
Technical Patterns formation in today intraday charts
1- Consolidation between 11411-11448
2- Sharp up
3- Selling between 11476-11497
4- Whole day actual trading between 11411-11497
Conclusions from intra day chart analysis
As Dow Jones Futures was trading more than 80 points up and all the Asian markets were trading with good gains today morning therefore strong opening of Indian markets today. Although up moves in Mid-session after more than 2 hours consolidation but higher levels selling was also seen in last hours therefore Nifty will firstly trade and prepare for next moves within today range and finally valid break out of today trading range will confirm next decisive moves.