Sustaining beyond 24655-24749 will
confirm next bigger moves beginning
Nifty-Intra Day Chart Analysis & Market
Outlook(22-08-2024)
Nifty-Intra Day Chart (21-Aug-2024):-
Technical Patterns formation in today intraday charts
1- Mixed Patterns formation between 24655-24749
2- Up moves in last half hour
3- Whole day actual trading between 24655-24787
Conclusions from intra day chart analysis
As more than 5 hours selling patterns formation were seen between 24704-24734 yesterday therefore
1- Very Short Term correction were expected and
2- 49 points down moves were seen also today also but
3- more than 5 hours trading was seen within and near about this range(24704-24734) between 24655-24749 was seen today.
As more than 10 hours trading between 24655-24749 in last 2 sessions therefore sustaining beyond this range should be watched in the coming sessions for next bigger moves beginning confirmations.