Firstly upward moves & finally
today trading range will generate
next decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(13-08-2025)
Nifty-Intra Day Chart (12-Aug-2025):-
Technical Patterns formation in today intraday charts
1- Upward moves after negative opening
2- Selling between 24645-24702
3- Sharp fall
4- Consolidation between 24535-24588
5- Selling between 24599-24637
6- Down moves in Bullish Falling Channel
7- Whole day trading between 24466-24702
Conclusions from intra day chart analysis
Although firstly upward moves after negative opening but higher levels selling developed therefore sharp fall was seen after that. As consolidation developed in Mid-Session hence some upward moves were seen but follow up selling developed therefore downward moves begun which remained continued till last minutes.
As last hours Down moves were in Bullish Falling Channel therefore upward moves are expected towards above mentioned today selling ranges. Let Nifty to sustain above today highest after complete intraday consolidation only then decisive upward moves will be seen.
It is clear from today intraday patterns formations that both intraday selling and consolidation patterns developed today therefore expected that Nifty will firstly trade within today intraday trading range after initial upward moves and finally sustaining beyond today trading range will generate next decisive moves.