Upward moves expectations towards
next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(01-01-2025)
Nifty-Intra Day Chart (31-Dec-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 23461-23543
2- Up moves with downward corrections
3- Consolidation between 23578-23603
4- Consolidation between 23623-23657
5- Whole day actual trading between 23461-23689
Conclusions from intra day chart analysis
Although all the US markets closed 0.97% to 1.56% down yesterday but Nifty traded with Mixed Patterns formation in last 2 hours between 23600-23701 yesterday therefore we told following conclusive line at 02:57 AM today in "Sustaining beyond 23600-23701 will confirm next intraday decisive moves beginning":-
As Mixed Patterns formation in last 2 hours between 23600-23701 therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations.
Sustaining beyond 23600-23701 was told and Nifty closed within this range at 23644.80 with today highest formations within this range at 23689.85.
As all the opened Asian markets were also trading in Red today morning therefore firstly downward moves were seen after weaker opening but lower levels consolidation developed and whole day consolidation patterns were also seen therefore upward moves are expected above today highest(23689) and towards next resistances(23846-23915) tomorrow.