Firstly watch 21193-21263 for next intraday decisive moves beginning confirmations amid some up moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(24-01-2024)
Nifty-Intra Day Chart (23-Jan-2024):-
Technical Patterns formation in today intraday charts
1- More than 5 hours Down moves with upward corrections after 144 points up strong opening.
2- Supports between 21193-21263
3- Whole day actual trading between 21193-21750
Conclusions from intra day chart analysis
Although Nifty traded 178 points up in first 2 minutes after 144 Points strong opening but selling was seen through Down moves with upward corrections which remained continued in the next 5 hours. As supports was also seen between 21193-21263 in last hour and Very Short Term indicators have also turned Oversold therefore some up moves are expected tomorrow. Firstly sustaining beyond today supports range(21193-21263) should be watched tomorrow for next intraday decisive moves beginning confirmations.