Watch next supports below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(24-10-2024)
Nifty-Intra Day Chart (23-Oct-2024):-
Technical Patterns formation in today intraday charts
1- Volatility in first half hour after weaker opening between 24379-24506
2- Selling in Mid-sesion .between 24537-24604
4- Sharp fall
4- Support in last hour between 24379-24455
5- Whole day actual trading between 24379-24604
Conclusions from intra day chart analysis
Although volatility in first half hour after weaker opening between 24379-24506 but higher levels good intraday selling was also seen in Mid-session therefore sharp fall developed. As lower levels some supports in last hour also therefore firstly sustaining beyond this range should be watched for next intraday decisive moves beginning confirmations tomorrow. As higher levels good selling today therefore if Nifty sustains below today lowest then following next supports below today lowest should be watched for next intraday decisive moves beginning confirmations:-
1- 24205-24272
2- 24117-24179
3- 23977-24094