Firstly watch sustaining beyond
25795-25819 for next intraday
decisive moves
beginning confirmations
Nifty-Intra Day Chart Analysis
(01-Oct-2024)
Nifty-Intra Day Chart (30-Sep-2024):-
Technical Patterns formation in today intraday charts
1- More than 5 hours down moves after 90 points gap down weaker opening
2- Supports in last hour between 25795-25819
3- Whole day actual trading between 25795-26134
Conclusions from intra day chart analysis
Following lines were told on 29-09-2024 in "Firstly watch next supports & even Short Term correction will be after complete selling patterns formations on intraday & EOD charts":-
1- firstly downward moves are expected below last Friday lowest in the beginning on next week.
2- Intraday charts of last Friday are showing signals of firstly downward moves possibility in the beginning of next week which may be also therefore following next supports below last Friday lowest should be watched one by one for the confirmations of expected Short Term correction continuation/completion:-
1- 26084-26106
2- 26061-26073
3- 26013-26047
4- 25854-25948
As was told on 29-09-2024,all that
100% same happened today and Nifty
closed 368 points down today.
As whole day intraday selling was seen last Friday therefore firstly 90 points gap down weaker opening today and after that more than 5 hours selling was also seen today therefore Nifty closed 368 points down today. Some supports were also seen between 25795-25819 in last hour today therefore firstly sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.