Watch sustaining beyond today lowest for deeper correction beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(12-01-2024)
Nifty-Intra Day Chart (11-Jan-2024):-
Technical Patterns formation in today intraday charts
1- 70 Points in down moves in first hour
2- More than 4 hours trading with mixed Patterns formation between 21641-21681
3- Half hour volatility after 02:00 PM between 21594-21661
4- Whole day actual trading between 21594-21726
Conclusions from intra day chart analysis
As whole day intraday consolidation yesterday and all the Asian markets were trading in Green as well as some were trading with good gains today morning therefore firstly some up moves were seen after gap up opening but selling developed and Nifty slipped 70 points in first hour from intraday higher levels.
Although more than 4 hours trading with mixed Patterns 21641-21681 but half hour volatility was also seen after 02:00 PM in which technical positions may also have changed and new intraday lowest was also formed during this volatility therefore firstly sustaining beyond today lowest should be watched tomorrow for deeper correction beginning confirmations.