Down moves expectations below
today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(18-09-2024)
Nifty-Intra Day Chart (17-Sep-2024):-
Technical Patterns formation in today intraday charts
1- Volatility in first hour after positive opening between 25353-25399
2- Up moves in Bearish Rising Channel
3- Last 4 hours selling between 25408-25441
4- Whole day actual trading between 25353-25441
Conclusions from intra day chart analysis
Although positive opening but immediately slipping in negative zone in first 5 minutes and after that volatility was seen in first hour. As after that up moves were seen in Bearish Rising Channel and last 4 hours selling also between 25408-25441 therefore:-
1- Down moves are expected below today lowest(25353) in the coming sessions and
2- Firstly sustaining beyond today lowest should be watched for next intraday drciive mobrs beginning confirmations.