Downward moves towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(29-11-2024)
Nifty-Intra Day Chart (28-Nov-2024):-
Technical Patterns formation in today intraday charts
1- Up moves after flat opening
2- Minor selling between 24314-24345
3- 230 Points sharp fall in 20 minutes
4- Down moves with upward corrections
5- Whole day actual trading between 23874-24345
Conclusions from intra day chart analysis
Although firsly upward moves after flat opening but could not sustain at higher levels and 230 points sharp fall was seen in 20 minutes after minor selling because higher levels good intraday selling was seen in previous sessions also. As follow up selling was seen through down moves with upward corrections in last 4 hours also therefore downward moves will be seen towards following next supports in the coming sessions which should be watched one by one for next decisive moves beginning confirmations:-
1- 23816-23853
2- 23654-23712
3- 23447-23545
4- 23298-23337