Only watch 17202 for Pre-Budget rally confirmations amid
FOMC announcements reactions
led Global markets
Nifty-Intra Day Chart Analysis &
Market Outlook(27-01-2022)
Nifty-Intra Day Chart (25-Jan-2022):-
Technical Patterns formation in today intraday charts
1- 313 Points fall in first 4 minutes
2- 190 Points jump in next 45 minutes
3- Almost 4 hours trading between 17009-17202
4- Slow up moves in last hour
5- Whole day actual trading between 16837-17309
Conclusions from intra day chart analysis
Following lines were told at 12:22 AM on 25-01-2022 in "16998-17186 will confirm Pre Budget rally":-
Sustaining beyond 16998-17186 should be firstly watched in the coming sessions for Pre Budget rally
Nifty traded almost 4 hours within near about 16998-17186 between 17009-17202 and finally moved up and closed above 17186 as well as generated first strong signal of Pre-Budget rally.
Although huge volatility between 16837-17002 in first hour on 25-01-2022 but closing was at the top of the day and almost 6 hours trading between 16998-17202 in last 2 sessions therefore only sustaining above 17202 should be watched in the coming sessions for Pre-Budget rally confirmations amid FOMC announcements reactions led Global markets tomorrow.