More upward moves will be seen
Nifty-Intra Day Chart Analysis & Market
Outlook(30-05-2025)
Nifty-Intra Day Chart (29-May-2025):-
Technical Patterns formation in today intraday charts
1- More than 3 hours downward moves after 72 points positive opening
2- More than 4 hours Consolidation Patterns formation between 24678-24770
3- Sharp upward moves in last half hour
4- Whole day trading between 24678-24892
Conclusions from intra day chart analysis
Although 72 points positive opening but downward moves started which remained continued more than 3 hours therefore Nifty traded 75 points down also after loosing all opening gains. As lower levels More than 4 hours Consolidation Patterns formation between 24678-24770 therefore sharp upward moves were seen in last half hour today and more upward moves will be seen in the coming session also.