Watch next supports amid
more down moves possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(04-01-2024)
Nifty-Intra Day Chart (03-Jan-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 21608-21677
2- Sharp fall
3- More than 4 hours trading with mixed Patterns formation between 21558-21591
4- Down moves in Bullish Falling Channels
5- Whole day actual trading between 21501-21677
Conclusions from intra day chart analysis
As more than 4 hours trading with mixed Patterns formation and after that today closing was near the lowest of on going correction therefore some more down moves can not be ruled out. As down moves in last 2 hours were in Bullish Falling Channels also therefore following next next supports should be watched one by one amid Short Term Pull Back rally possibility from any levels after getting fresh supports there.
1- 21512-21599
2- 21282-21405
3- 21052-21161