Watch today highest amid
upward moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(02-01-2025)
Nifty-Intra Day Chart (01-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Consolidation between 23563-23658
2- Sharp up
3- 3 Times consolidation between 23690-23753
4- Whole day actual trading between 23563-23822
Conclusions from intra day chart analysis
Although firstly down moves after negative opening and Nifty traded 82 points down also but good intraday consolidation was seen yesterday and fresh consolidation developed today also therefore after that sharp up moves seen. As 3 times consolidation between 23690-23753 in last hours also therefore upward moves are expected towards today highest and sustaining it beyond should also be firstly watched because Nifty could not sustain at higher levels also.