Upward moves expectations toward
next resistances
Nifty-Intra Day Chart Analysis & Market
Outlook(18-02-2025)
Nifty-Intra Day Chart (17-Feb-2025):-
Technical Patterns formation in today intraday charts
1- Volatility in first hour
2- More than 5 hours up moves with downward corrections
3- Whole day actual trading between 22726-22974
Conclusions from intra day chart analysis
Although firstly volatility in first hour after weaker opening and Nifty traded 203 points down also but after that more than 5 hours up moves were seen with downward corrections which is intraday consolidation pattern therefore upward moves are expected toward next resistances(23014-23133) and finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.