Watch 21679-21749 for next trend confirmations amid more up moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(11-01-2024)
Nifty-Intra Day Chart (10-Jan-2024):-
Technical Patterns formation in today intraday charts
1- 96 Points down in first 15 minutes after little weaker opening.
2- More than 4 hours consolidation between 21477-21567(immediate supports)
3- Up moves with downward corrections
4- Whole day actual trading between 21449-21641
Conclusions from intra day chart analysis
Although 96 points down moves in first 15 minutes after little weaker opening but lower levels more than 4 hours consolidation and after that up moves with downward corrections in last 2 hours which is also a consolidation pattern therefore whole day only iintraday consolidation will be understood and more up moves will be seen in the coming sessions towards next Resistances between 21679-21749.
As finally sustaining beyond 21679-21749 will confirm next trend therefore it should firstly watched in the coming for its confirmations.