Upward moves expectations towards
today highest
Nifty-Intra Day Chart Analysis & Market
Outlook(27-12-2024)
Nifty-Intra Day Chart (26-Dec-2024):-
Technical Patterns formation in today intraday charts
1- Upward moves after positive opening
2- Down moves with upward corrections
3- Sharp fall
4- More than 5 hours consolidation between 23706-23773
5- Whole day actual trading between 23654-23854
Conclusions from intra day chart analysis
Although firstly upward moves after positive opening and Nifty traded 126 points up also in first 15 minutes but selling was seen through Down moves with upward corrections therefore sharp fall developed after that and Nifty traded in negative zone after loosing all intraday gains. As lower levels more than 5 hours consolidation was also seen between 23706-23773 therefore upward moves are expected towards today highest(23854) and firstly sustaining it beyond should be be watched for next intraday decisive moves beginning confirmations.