Finally sustaining beyond 25062
will confirm next decisive moves
beginning after some upward moves
Nifty-Intra Day Chart Analysis &
Market Outlook(20-05-2025)
Nifty-Intra Day Chart (19-May-2025):-
1echnical Patterns formation in today intraday charts
1- Down moves with upward corrections
2- Consolidation between 24917-24956
3- Whole day trading between 24917-25062
Conclusions from intra day chart analysis
Although firstly some upward moves after flat opening but higher levels selling was seen through Down moves with upward corrections therefore downward moves were seen till last hours. As lower levels consolidation developed in last hour between 24917-24956 therefore upward moves are expected toward intraday higher levels and finally sustaining beyond intraday highest(25062) will confirm next decisive moves beginning.