Finally sustaining beyond 25337-25445
will confirm next bigger decisive
moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(17-09-2024)
Nifty-Intra Day Chart (16-Sep-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 25394-25445
2- Consolidation between 25337-25373
3- Selling between 25391-25421
4- Whole day actual trading between 25337-25445
Conclusions from intra day chart analysis
Although firstly up moves after positive opening but higher levels selling developed therefore down moves were seen in Mid-session. As lower levels cosolidation developed therefore some up moves were also seen but again selling developed in last 2 hours therefore whole day today trading will be understood with Mixed patterns formations between 25337-25445.
Expected that Nifty will firstly trade and prepare for next decisive bigger moves within and near about 25337-25445 as well as finally sustaining it beyond will confirm it hence it should be firstly watched in the coming sessions for next bigger decisive moves beginning confirmations.