Watch Levels for next intraday decisive moves beginning confirmations
Nifty-Intra Day Chart Analysis &
Market Outlook(09-04-2025)
Nifty-Intra Day Chart (08-Apr-2025):-
Technical Patterns formation in today intraday charts
1- Consolidation between 22271-22424
2- Upward moves in Mid-Session
3- Selling between 22612-22697
4- Whole day trading between 22271-22697
Conclusions from intra day chart analysis
Although 285 points positive opening and firstly 175 points slipping also but lower levels consolidation developed between 22271-22424 therefore upward moves were seen from lower levels in Mid-Session and Nifty traded 535 points positive also. As higher levels selling was also seen therefore whole day intraday trading will be understood Mixed Patterns formation between 22271-22697 with after lower levels consolidation and higher levels selling.
Expected that Nifty will firstly trade within and near about day's trading range(22271-22697) and prepare for next decisive moves. Remain watchful also because RBI Credit Policy will be seen after 10:00 AM and Nifty may react on its announcements also through high volatility. As finally sustaining beyond day's trading range will confirm next intraday decisive moves beginning therefore it should also be watched for its confirmations.