Watch immediate supports amid
firstly upward moves expectations
Nifty-Intra Day Chart Analysis & Market
Outlook(29-08-2025)
Nifty-Intra Day Chart (28-Aug-2025):-
Technical Patterns formation in today intraday charts
1- 204 Points sharp fall in first 20 minutes after negative opening.
2- 177 Points up in the next 2 hours.
3- Selling between 24648-24684
4- Down moves with upward corrections
5- Down moves in Bullish Falling Channel
6- Whole day trading between 24482-24702
Conclusions from intra day chart analysis
As good intraday selling in the last 2 sessions therefore firstly 204 points sharp fall was seen in first 20 minutes after negative opening but very Short Term indicators turned Over sold hence 177 Points upward moves developed in the next 2 hours. Nifty could not sustain at higher levels because fresh selling was seen at higher levels and downward moves developed with upward corrections which is also an intraday selling pattern hence Nifty closed near the lower levels other day after loosing 211.15 points.
Downward moves in the last hour were in Bullish Falling Channel which is an intraday consolidation pattern and Very Short Term indicators have tuned Over sold also therefore upward moves are expected towards today highest tomorrow and finally sustaining beyond immediate supports(24356-24462) should be watched in the coming sessions for next next decisive moves beginning confirmations.