Sustaining beyond 24179-24255
will confirm next intraday decisive
moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(08-11-2024)
Nifty-Intra Day Chart (07-Nov-2024):-
Technical Patterns formation in today intraday charts
1- 273 Points sharp fall in first hour after flat opening
2- Last more than 5 hours sideways trading between 24179-24255
3- Whole day actual trading between 24179-24503
Conclusions from intra day chart analysis
As sentiment turned heated after Donald Trump victory confirmation in US President Election and higher levels selling was seen between 24445-24537 yesterday therefore Nifty could not sustain within this range and firstly 273 Points sharp fall developed in first hour today.
Last more than 5 hours sideways trading between 24179-24255 and one sided intraday trading patterns were not seen within this range today therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations.