Sustaining above 22974 will confirm
strong Pull back Rally beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(19-02-2025)
Nifty-Intra Day Chart (18-Feb-2025):-
Technical Patterns formation in today intraday charts
1- 81 points sharp fall in first 5 minutes after positive opening.
2- Selling between 22911-22963
3- Sharp fall
4- Up moves with downward corrections
3- Whole day actual trading between 22802-22992
Conclusions from intra day chart analysis
As good intraday consolidation yesterday therefore firstly Upward moves were seen after positive opening but not sustaining at higher levels and 81 points sharp fall also developed in first 5 minutes today morning. Although sharp fall was again seen in first hour after fresh selling but upward moves started with downward corrections which remained continued till 3 PM therefore good intraday consolidation patterns formations will be also understood today.
Nifty fallen sharply after 10:25 AM on 14-02-2025 and after that traded between 22726-22974 same day,yesterday and today it means that last more than 17 hours trading has been seen within this range with most time intraday consolidation patterns formations within this range therefore if Nifty sustains above 22974 then strong Pull back Rally will be seen therefore firstly sustaining it beyond should be watched for its confirmations.