Rally continuation with Short Term intraday correction possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(10-07-2024)
Nifty-Intra Day Chart (09-Jul-2024):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections after positive opening
2- Whole day actual trading between 24332-24443
Conclusions from intra day chart analysis
As whole day up moves with downward corrections after positive opening and intraday selling patterns were also seen therefore finally on going rally continuation is expected but after Short Term intraday correction because Short Term indicators have turned Overbought and showing negative divergence also.