Watch next supports after today
started Short Term Correction
Nifty-Intra Day Chart Analysis &
Market Outlook(01-07-2025)
Nifty-Intra Day Chart (30-Jun-2025):-
Technical Patterns formation in today intraday charts
1- Volatility in first 15 minutes after positive opening
2- Down moves in Bullish Falling Channel
3- Consolidation Patterns formation between 25536-25577
4- Consolidation Patterns formation between 25474-25524
5- Whole day trading between 25474-25669
Conclusions from intra day chart analysis
Although volatility in first 15 minutes after positive opening but sentiment was heated due to previous week good rally therefore downward moves started and seen whole day for its cooling down. As firstly Downward moves were in Bullish Falling Channel and after that 2 times Consolidation Patterns formations also therefore it will be understood that Nifty is in Short Term Correction mode and that may de sideways also. Following next supports below today lowest should be watched in the coming sessions for the life and length of today started Short Term Correction:-
1- 25320-25404
2- 25216-25266
3- 25171-25218