2 Levels will confirm today
decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(08-01-2025)
Nifty-Intra Day Chart (07-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Volatility in first hour between 23638-23795
2- More than 5 hours sideways trading between 23691-23765
3- Whole day actual trading between 23638-23795
Conclusions from intra day chart analysis
Although firstly 157 points Volatility in first hour but after that more than 5 hours 74 points narrow range sideways trading developed yesterday. As one sided intraday patterns formations were not seen yesterday therefore next intraday decisive moves beginning will be seen after sustaining beyond following 2 intraday trading levels of yesterday which should be watched one by one for first signal and final confirmation of today intraday decisive moves beginning:-
1- 23691-23765(First signal)
2- 23638-23795(Final confirmation)