Sustaining beyond 21501-21604 will confirm next intraday decisive move beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(18-01-2024)
Nifty-Intra Day Chart (17-Jan-2024):-
Technical Patterns formation in today intraday charts
1- Down moves with upward corrections
2- Selling between 21631-21689
3- Minor support in last hour between 21551-21604
4- Whole day actual trading between 21551-21851
Conclusions from intra day chart analysis
Live Proofs of our 100% accurate
Nifty predictions & Analysis
1- Although new life time top formation on 16-01-2024 but intraday charts had shown only selling patterns therefore we were Bearish and posted following topic on 16-01-2024:-
2- Although Nifty closed with 203 points gains with new life time top formation on 15-01-2024 but intraday selling was also seen therefore we were not Bullish and posted following topic on 15-01-2024:-
3- Although Nifty closed with 247 points gains with new life time top formation last Friday(12-01-2024) but EOD charts were showing selling patterns therefore we were not Bullish and Cautious as well as posted following Weekly Analysis topic on 13-01-2024:-
As was continuously told in previous Outlooks 100% same happened today and Nifty closed after loosing 460.35(2.09%) points today.
Although Nifty moved up 205 points in first 6 minutes after 385 points weaker opening but selling was seen in first 3 hours through Down moves with upward corrections and after that selling in Mid-Session between 21631-21689 therefore down moves remained continued till last hour,
As minor support was seen in last hour between 21551-21604 and previous supports are also lying between 21501-21542 therefore firstly sustaining beyond 21501-21604 should be watched tomorrow for next intraday decisive move beginning confirmations.