Up moves with bigger intraday
corrections possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(30-01-2024)
Nifty-Intra Day Chart (29-Jan-2024):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 21430-21763
Conclusions from intra day chart analysis
Live Proofs of our 100% accurate
Nifty predictions & Analysis
Following lines were told on 26-01-2024 in "Correction continuation but firstly up moves expectations & Watch levels in Interim Budget led volatile week":-
1- last Thursday started up moves will remain continued in the beginning of next week above day's Highest(21459)
2- up moves will be seen in the beginning of next week towards following next resistances
As was told 100% same happened and Nifty closed 385 points(1.80%) up today.
As those Up moves which started after positive opening and whole day remained continued with downward corrections therefore Nifty closed near the higher levels of the day. Although whole day only consolidation patterns formations and some more up moves also can not be ruled out tomorrrow but very Short term indicators have turned Over bought after previous sessions strong rally therefore bigger intraday corrections may also be seen tomorrow.