Firstly some downward moves towards
23038 & most time trading expectations
between 22974-23216
Nifty-Intra Day Chart Analysis &
Market Outlook(21-03-2025)
Nifty-Intra Day Chart (20-Mar-2025):-
Technical Patterns formation in today intraday charts
1- More than 2 hours consolidation between 22974-23068
2- Upward moves in Mid-Session
3- Profit Booking in last 2 hours between 23179-23216
4- Whole day trading between 22974-23216
Conclusions from intra day chart analysis
As US markets closed with good gains yesterday and Dow Jones Futures was also trading more than 150 points up today morning therefore sentiment boosted and resultant gap up strong opening was seen today. Although firstly down moves but lower levels more than 2 hours consolidation developed therefore upward moves were seen in Mid-Session. Last 2 hours intraday patterns are suggesting Profit Booking at higher levels also therefore firstly some downward moves are expected towards 23038 most time trading is expected within today trading range(22974-23216).