Finally sustaining beyond 25242-25321 will confirm next Very Short Term moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(03-09-2024)
Nifty-Intra Day Chart (02-Sep-2024):-
Technical Patterns formation in today intraday charts
1- More than 3 hours selling between 25293-25321
2- Sharp fall
3- Consolidation between 25242-25264
4- Consolidation between 25272-25289
5- Whole day actual trading between 25236-25333
Conclusions from intra day chart analysis
Although gap up strong opening but immediately fresh selling developed which remained continued more than 3 hours hence sharp fall was seen in Mid seen. As consolidation also develop in the last more than 2 hours hence whole day today trading will be understood with Mixed patterns formations between 25242-25321.
As both loert levels supports and higher levels selling was seen between 25242-25321 today therefore expected that:-
1- Nifty will firstly trade and prepare for next Very Short Term moves within and near about this trading range tomorrow
2- Finally sustaining beyond this trading range will confirm next Very Short Term moves beginning which should be firstly watched tomorrow for its beginning confirmations.