Firstly watch 2 levels after today
like intraday high volatility
Nifty-Intra Day Chart Analysis &
Market Outlook(12-11-2024)
Nifty-Intra Day Chart (11-Nov-2024):-
Technical Patterns formation in today intraday charts
1- 143 Points negative trading in first minute.
2- 331 Points up till 11:45 AM.
3- 252 Points down till 02:20 PM.
4- Whole day actual trading between 24005-24336
Conclusions from intra day chart analysis
As intraday selling patterns were also seen last Friday therefore Nifty firstly traded 143 points down in first minute and then upward moves begun after getting supports in that 1st support range(23817-24025) which was updated on 09-11-2024 in this week Weekly Analysis following topic:-
Whole day only high intraday volatility within above mentioned levels was seen today because last 2 sessions most time trading was between 24142-24255 in which Mixed Patterns formations were also seen therefore today volatility was above and below 24142-24255 as well as today closing was also just below this range at 24141.30 today.
As Very Short Term technical positions reverses also during such today like high intraday volatility therefore firstly sustaining beyond following 2 levels should be watched one by one for one sided decisive bigger moves beginning confirmations;-
1- 24142-24255(Last 2 sessions most time trading range)
2- 24084-24336(Today volatility range)