Bullish rally continuation
Nifty-Intra Day Chart Analysis & Market
Outlook(13-09-2024)
Nifty-Intra Day Chart (12-Sep-2024):-
Technical Patterns formation in today intraday charts
1- More than 4 hours consolidation between 24942-25062
2- 441 Points sharp up moves in last 2 hours
3- Whole day actual trading between 24942-25433
Conclusions from intra day chart analysis
As firstly more than 4 hours consolidation after 140 points positive opening therefore 441 points sharp up moves were seen in last 2 hours and Nifty closed 1.89% up with new life time top formations. Nifty crossed previous life time top forcefully after previous 2 sessions consolidation and lower levels consolidation was seen today also therefore on going Bullish rally will remain continued in the coming sessions.