Finally Very Short Term correction
expectations below today lowest
Nifty-Intra Day Chart Analysis & Market
Outlook(21-08-2024)
Nifty-Intra Day Chart (20-Aug-2024):-
Technical Patterns formation in today intraday charts
1- 126 Points up moves after positive opening
2- More than 4 hours selling patterns formation between 24704-24734
3- Whole day actual trading between 24608-24734
Conclusions from intra day chart analysis
Although firstly 126 points up moves after positive opening but after that more than 4 hours selling patterns formation were also seen between 24704-24734 therefore finally Very Short Term correction is expected below today lowest(24608) in the coming sessions.