Short Term Correction continuation
Nifty-Intra Day Chart Analysis &
Market Outlook(03-01-2024)
Nifty-Intra Day Chart (02-Jan-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 21711-21755
2- Sharp falls
3- Up moves in Bearish Rising Channels
4- Whole day actual trading between 21556-21755
Conclusions from intra day chart analysis
Live Proofs of our 100% accurate
Nifty predictions & Analysis
Following topics telling for "Short Term correction beginning" were posted for this week and today:-
1- Weekly Analysis posted on 30-12-2023-"Firstly watch 21677-21677-21834 amid high possibility of Short Term correction beginning"
2- Today Analysis posted on 01-01-2024-"Firstly watch 21677-21801 amid high possibility of Short Term correction beginning"
As was told 100% same happened and Nifty crashed 186 points in first 2 hours today.
Although little positive opening but fresh selling developed and good intraday selling was seen in last 3 sessions also therefore sharp falls was seen in first 2 hours and Nifty traded 186 points down.
As up moves were seen in Bearish Rising Channels in the last more than 4 hours also therefore again good intraday selling will be understood and today started Short Term Correction will remain continued in the coming sessions also.