Upward moves towards next
resistances tomorrow
Nifty-Intra Day Chart Analysis &
Market Outlook(22-11-2024)
Nifty-Intra Day Chart (21-Nov-2024):-
Technical Patterns formation in today intraday charts
1- 243 Points sharp fall in first half hour after negative opening
2- Almost whole day sideways trading between 23298-23363
3- Whole day actual trading between 23264-23507
Conclusions from intra day chart analysis
As sentiment was extremely depressed due to most negative like news from USA regarding Indian top industrialist "Gautam Adani and his Group of Companies" therefore firstly 243 points sharp fall was seen in first half hour after negative opening and after that almost whole day sideways trading was near the lower levels of the day between 23298-23363.
Whole day today trading was affected due to this most negative news therefore firstly sustaining beyond 23298-23363 should be watched tomorrow for next intraday decisive moves beginning confirmations because today trading was highly under the pressure of this news and in such situation final conclusion can not be drwan only from intraday charts patterns formations.
As per our view this whole news was a part of "USA Deep State" conspiracy for demolishing Indian Industrial set up which is being continuously done against "Adani Group". Firstly Indian markets were crashed after "Hindenburg fake news" on 24-01-2023 and today from a "Court case and other bribary news". As all are understanding this time that all this a fake news Agenda of "USA Deep State" therefore Indian markets will move upward towards next resistances( 23694-23780) tomorrow