Downward moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(31-10-2024)
Nifty-Intra Day Chart (30-Oct-2024):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections
2- Selling between 24415-24463
3- Sharp down
4- Selling between 24415-24463
3- Whole day actual trading between 24331-24376
Conclusions from intra day chart analysis
Although 95 points weaker opening and after that firstly up moves started with downward corrections but selling developed and remained continued almost 2 hours therefore therefore Sharp down moves were seen after 1 PM. As lower levels follow up selling also in last 2 hours therefore downward moves towards next supports(24141-24252) will be seen tomorrow and firstly sustaining it beyond should be watched for next decisive moves beginning confirmations.