Firstly watch sustaining beyond
24624-24691 for next bigger decisive
moves beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(12-12-2024)
Nifty-Intra Day Chart (11-Dec-2024):-
Technical Patterns formation in today intraday charts
1- Upward moves from intraday lower levels in first 2 hours.
2- More than 5 hours trading with Mixed Patterns formation between 24624-24691.
3- Whole day actual trading between 24584-24691.
Conclusions from intra day chart analysis
Although firstly upward moves from intraday lower levels in first 2 hours but higher levels more than 5 hours trading was with Mixed Patterns formation between 24624-24691 therefore firstly Nifty will trade and prepare for next decisive moves within and near about this trading range. As finally sustaining beyond 24624-24691 will confirm next bigger decisive moves beginning therefore it should be firstly watched in the coming sessions for confirmations.