16998-17186 will confirm
Pre Budget rally
Nifty-Intra Day Chart Analysis &
Market Outlook(25-01-2022)
Nifty-Intra Day Chart (24-Jan-2022):-
Technical Patterns formation in today intraday charts
1- 5 Hours down moves after weak opening
2- Last 2 hours trading between 16998-17186 with lower levels consolidation patterns formations
3- Down moves in Bullish Falling Channels
4- Whole day actual trading between 16998-17599
Conclusions from intra day chart analysis
Although 5 Hours down moves after weak opening but last 2 hours trading between 16998-17186 and lower levels consolidation was seen through Down moves in Bullish Falling Channels therefore sustaining beyond 16998-17186 should be
firstly watched in the coming sessions for
Pre Budget rally.