Firstly watch sustaining beyond 26000 amid on going rally continuation expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(24-09-2024)
Nifty-Intra Day Chart (23-Sep-2024):-
Technical Patterns formation in today intraday charts
1- Firstly upward moves after positive opening
2- Down moves in Bullish Falling Channels
3- Up moves with downward corrections
4- Whole day actual trading between 25848-25956
Conclusions from intra day chart analysis
Although firstly upward moves after positive opening but after that down moves begun and Nifty slipped 75 points in one hour. As these down moves were in Bullish Falling Channels which is a Bullish pattern therefore up upward moves started which were with downward correction and this is also a Bullish pattern. whole day day good intraday consolidation will be understood for today trading and resultant:-
1- On going rally continuation is expected toward next psychological level at 26000
and
2- Firstly sustaining it beyond should be watched in the coming session for next intraday decisive moves beginning confirmations.