Finally sustaining beyond 24126-25354 will generate bigger moves
Nifty-Intra Day Chart Analysis &
Market Outlook(28-11-2024)
Nifty-Intra Day Chart (27-Nov-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 24146-24222
2- Upward moves
3- Selling between 24286-24354
4- Whole day actual trading between 24146-24354
Conclusions from intra day chart analysis
Following lines were told at 01:24 AM on 27-11-2024 in "Finally sustaining beyond 24126-25351 will confirm next intraday bigger decisive moves beginning":-
last 2 sessions intraday trading will be understood with Mixed Patterns formation between 24126-25351 and firstly sustaining beyond this range should be watched in the coming sessions for next intraday bigger decisive moves beginning confirmations.
Nifty traded most time within last 2 sessions trading range(24126-25351) between 24146-24354 today
Although firstly downward moves after positive opening but lower levels good consolidation developed therefore upward moves were seen in Mid-Session and Nifty recovered more than 200 points also from lower levels. As higher levels selling was also seen in last 3 hours therefore whole day today trading also will be understood with Mixed Patterns formation between 24146-24354.
As last 2 sassions trading was with Mixed Patterns formation between 24126-25351 and today most time trading was also within this range between 24146-24354 therefore it is clear that last 3 sessions trading had been with Mixed Patterns formation between 24126-24354 and it will be understood that Nifty is preparing for next bigger moves between 24126-24354 which will be seen after sustaining beyond this last 3 sessions trading range.