Sustaining beyond 21518-21724 will confirm next decisive moves beginning
Nifty-Intra Day Chart Analysis & Market
Outlook(10-01-2024)
Nifty-Intra Day Chart (09-Jan-2024):-
Technical Patterns formation in today intraday charts
1- Down moves after strong opening
1- Consolidation between 21594-21639
3- Up moves
4- More than 3 hours selling between 21679-21724(immediate Resistances)
5- Sharp down moves
6- Down moves in Bullish Falling Channel
7- Whole day actual trading between 21518-21724
Conclusions from intra day chart analysis
Although strong opening but firstly sharp fall was seen immediately after opening. As lower levels some consolidation developed therefore up moves also seen and once Nifty traded more than 200 points positive also.
As more than 3 hours fresh selling developed at higher levels therefore decisive intraday down moves were seen but lower levels some consolidation was also in last hour through Down moves in Bullish Falling Channel therefore lower levels some consolidation will; also be understood whole day today trading will be understood with lower levels buying and higher levels good intraday selling and firstly today trading will be understood with Mixed Patterns formation between 21518-21724 and finally sustaining beyond today range will confirm next decisive moves beginning