Sustaining beyond 24968-25029 will
confirm next bigger moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(27-08-2024)
Nifty-Intra Day Chart (26-Aug-2024):-
Technical Patterns formation in today intraday charts
1- 154 Points sharp up in first half hour after gap up opening
2- More than 4 hours sideways trading between 24968-25029
3- Whole day actual trading between 24875-25043
Conclusions from intra day chart analysis
As strong Global cues today morning therefore firstly 154 points sharp up moves in first half hour after gap up opening. More than 4 hours sideways trading between 24968-25029:-
1- in which some selling patterns were also seen
2- therefore expected that Nifty will firstly trading and prepare fopr next decisive moves within this range and finally sustaining beyond this range will confirm next bigger moves beginning
3- hence firstly sustaining beyond 24968-25029 should be watched in the coming sessions for next bigger moves beginning confirmations.