Downward moves expectations
towards today lowest
Nifty-Intra Day Chart Analysis &
Market Outlook(17-04-2025)
Nifty-Intra Day Chart (16-Apr-2025):-
Technical Patterns formation in today intraday charts
1- Sharp up in first half hour
2- Selling between 23354-23368
3- Sharp down
4- Support between 23276-23306
5- Selling between 23325-23357
6- Sharp down
7- Support between 23286-23307
8- Selling Patterns formation in last hours between 23395-23452
9- Whole day trading between 23274-23452
Conclusions from intra day chart analysis
Although lower levels supports and higher levels selling was seen till 02:00 PM but after that sharp upward moves were seen. As selling patterns formation in last hours between 23395-23452 therefore firstly downward moves are expected towards today lowest(23274) and finally sustaining it beyond should be watched for next intraday decisive moves beginning confirmations.