Strong Pull Back Rally will be seen
Nifty-Intra Day Chart Analysis & Market
Outlook(25-10-2024)
Nifty-Intra Day Chart (24-Oct-2024):-
Technical Patterns formation in today intraday charts
1- Volatility in first hour after negative opening between 24342-24481
2- Down moves in Bullish Falling Channel
3- Consolidation between 24370-24418
4- Whole day actual trading between 24342-24481
Conclusions from intra day chart analysis
Although volatility in first hour after negative opening but after that firstly down moves were seen in Bullish Falling Channel which is a consolidation pattern also. As more than 4 hours consolidation also developed in Mid-Session and last hours therefore it will be understood that only intraday consolidation patterns formations today and resultant strong Pull Back Rally will be seen tomorrow.