Sustaining above 23181 will mean
strong Pull Back rally beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(15-01-2025)
Nifty-Intra Day Chart (14-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Consolidation between 23135-23169
3- Volatility between 23188-23264
4- Consolidation between 23145-23181
5- Whole day actual trading between 23135-23264
Conclusions from intra day chart analysis
As lower levels consolidation was seen in last hour yesterday therefore following lines were told at 08:24 AM today in "Watch 23223 amid firstly upward moves beginning expectations":-
firstly upward moves will be seen towards 23223 and sustaining it beyond should be firstly watched today for next intraday decisive moves beginning confirmations
As was told 100% same happened and upward moves were seen towards and above 23223 as well as Nifty hovered it around also but could not sustain above it and closed below it at 23176.05 today.
As firstly down moves in Bullish Falling Channel after positive opening and lower levels consolidation also therefore sharp up moves were seen but Nifty could not sustain at higher levels and fallen sharply and in this manner Volatility developed between 23188-23264 in Mid-Session today. Lower levels consolidation was also seen in last 3 hours between 23145-23181 therefore it will be understood that sufficient consolidation developed below 23181 today and once sustaining above it will mean strong Pull Back rally beginning in the coming sessions.
