Sustaining beyond 24100-24196 will confirm next one sided decisive big moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(16-08-2024)
Nifty-Intra Day Chart (14-Aug-2024):-
Technical Patterns formation in today intraday charts
1- Whole day sideways trading between 24100-24196
2- Whole day actual trading between 24100-24196
Conclusions from intra day chart analysis
Following lines were told at 02:32 AM on 14-08-2024 in "Firstly up moves & finally today supports range will confirm next decisive moves beginning.":-
firstly up moves are expected towards today selling range(24306-24355) and finally sustaining beyond today supports(24117-24179) range will confirm next decisive moves beginning.
As was told 100% same happened and firstly up moves were seen thorough 45 points positive opening and Nifty traded whole day sideways between 24100-24196 which was within and near about yesterday supports range(24117-24179). It is clear that Nifty has traded almost 8 hours between last Wednesday trading range(24100-24196) and prepared for next one sided decisive big moves within this range therefore firstly sustaining it beyond should be watched in the coming sessions for its confirmations.