Sustaining beyond 21628-21685 will confirm the life of on going Short Term correction
Nifty-Intra Day Chart Analysis &
Market Outlook(05-01-2024)
Nifty-Intra Day Chart (04-Jan-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 21594-21624
2- Sharp up
3- More than 5 hours trading with mixed Patterns formation between 21628-21685
4- Whole day actual trading between 21565-21685
Conclusions from intra day chart analysis
As firstly consolidation after positive opening and after that sharp up moves also but more than 5 hours trading was seen with mixed Patterns formation between 21628-21685 therefore firstly sustaining beyond this range should be watched tomorrow for on going Short Term correction continuation/completion confirmations.