Some more down moves & finally sideways between 21311-21662 up to Interim Budget 2024
Nifty-Intra Day Chart Analysis &
Market Outlook(31-01-2024)
Nifty-Intra Day Chart (30-Jan-2024):-
Technical Patterns formation in today intraday charts
1- More than 4 hours selling between 21662-21813
2- Down moves with upward corrections in last 2 hours
3- Whole day actual trading between 21502-21813
Conclusions from intra day chart analysis
Live Proofs of our 100% accurate
Nifty predictions & Analysis
Following lines were told at 12:02 AM on 30-01-2024 in "Up moves with bigger intraday corrections possibility":-
1- some more up moves also can not be ruled out tomorrow
2- bigger intraday corrections may also be seen tomorrow
As was told 100% same happened and
1- Some more up moves were seen & firstly Nifty traded 75 points up today.
2- Bigger intraday corrections were also seen & Nifty closed 215 points also down today.
Although firstly Nifty traded 75 points up today but selling begun which remained continued in more than 4 hours and last 2 hours down moves were with upward corrections therefore Nifty closed near the lower levels of the day 215 points down.
As whole day only intraday selling patterns formations therefore some more down moves towards next supports(21248-21311) can not be ruled out but expected that finally will remain sideways between 21311-21662 up to Interim Budget 2024.