24544-24601 will confirm next
bigger decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(20-08-2024)
Nifty-Intra Day Chart (19-Aug-2024):-
Technical Patterns formation in today intraday charts
1- Down moves with upward corrections after 95 points positive opening
2- Last 4 hours sideways trading between 24544-24601
3- Whole day actual trading between 24523-24638
Conclusions from intra day chart analysis
Although 95 points positive opening but Down moves begun with upward corrections which is a selling pattern also therefore Nifty lost all intraday gains and once Nifty traded in negative zone. As after these down moves Nifty traded last 4 hours sideways between 24544-24601 therefore firstly sustaining beyond this range should be watched tomorrow for next bigger decisivr moves brginning confermations.