Downward moves expectations
below today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(05-12-2024)
Nifty-Intra Day Chart (04-Dec-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 24510-24573
2- Sharp fall
3- Selling between 24509-24539
4- Sharp fall
5- Whole day actual trading between 24367-24573
Conclusions from intra day chart analysis
As higher levels intraday selling was seen yesterday and fresh selling developed 2 times today also therefore 2 times sharp fall was seen today and resultant firstly downward moves below today lowest(24367) are expected and after that sustaining it beyond should be watched for next decisive moves beginning confirmations.