Sustaining beyond today lowest
will confirm next decisive
moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(17-04-2026)
Nifty-Intra Day Chart (16-Apr-2026):-
Technical Patterns formation in today intraday charts
1- Selling between 24368-24400
2- Downward moves
3- Selling between 24271-24330
4- Downward moves
5- Down moves in Bullish Falling Channel
6- Upward moves
7- Selling between 24166-24243
8- Whole day trading between 24103-24400
Conclusions from intra day chart analysis
Although firstly some upward moves after gap up and 153 points positive opening but higher levels selling developed which remained continued in Mid-Session with 2 times downward moves. As lower levels Downward moves were seen in Bullish Falling Channel therefore upward moves were seen but again selling patterns developed in last hour therefore firstly sustaining beyond today lowest(24103) should be watched tomorrow for next decisive moves beginning confirmations because:-
1- Lower levels intraday consolidation was seen.
2- despite higher levels good intraday selling.