Firstly Watch sustaining beyond 21643-21775 for next Post Budget big moves amid high possibility of decisive down moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(01-02-2024)
Nifty-Intra Day Chart (31-Jan-2024):-
Technical Patterns formation in today intraday charts
1- More than 12 hours trading in last 3 sessions between 21643-21775
2- Last 3 sessions between 21430-21813
Conclusions from intra day chart analysis
As more than 12 hours trading in the last 3 Pre Interim Budget sessions was seen between 21430-21813 and Nifty has prepared for next decisive post Budget big moves within this range therefore finally sustaining beyond this range will confirm next big post Budget one sided big moves. Although Interim Budget led high volatility will be seen tomorrow but finally sustaining beyond 21643-21775 will confirm next big moves will be seen which should be firstly watched tomorrow. As good intraday selling was seen in last 3 sessions therefore high possibility of decisive down moves beginning below 21643.