Upward moves expectations
above last 2 sessions highest
Nifty-Intra Day Chart Analysis &
Market Outlook(09-08-2024)
Nifty-Intra Day Chart (08-Aug-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 24136-24251
2- Volatility in Mid-session between 24195-24340
3- Consolidation between 24080-24192
4- Whole day actual trading between 24080-24340
Conclusions from intra day chart analysis
Although upward moves were expected after consolidation above yesterday highest but Nifty could not sustain above yesterday highest after once moving above it and closed in Red today. As lower levels good intraday conoslidation today also therefore again expected that upward moves will be seen above last 2 sessions highest(24340.50).