Downward moves expectations below
today lowest(24291) & towards
yesterday lowest(24055)
Nifty-Intra Day Chart Analysis &
Market Outlook(30-04-2025)
Nifty-Intra Day Chart (29-Apr-2025):-
Technical Patterns formation in today intraday charts
1- 167 Points sharp fall in first hour after positive opening
2- More than 5 hours sideways trading with higher levels selling Patterns formation between 24291-24372
3- Whole day trading between 24291-24457
Conclusions from intra day chart analysis
Although firstly some upward moves after positive opening but could not sustain at higher levels and 167 Points sharp fall was seen in first hour because selling patterns formations was between 24307-24355 yesterday. As more than 5 hours sideways trading with higher levels fresh selling between 24291-24372 and selling seen within this range yesterday also therefore downward moves expected below today lowest(24291) and towards yesterday lowest(24055) tomorrow. Finally sustaining beyond 24055 should be watched in the coming sessions for next intraday decisive moves beginning confirmations.