Sustaining beyond 22384-22421 will confirm next intraday decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(25-04-2024)
Nifty-Intra Day Chart (24-Apr-2024):-
Technical Patterns formation in today intraday charts
1- 54 Points up moves after 53 points positive opening
2- Selling between 22443-22476
3- Sharp fall
4- Volatility in last hour between 22384-22421
5- Whole day actual trading between 22384-22476
Conclusions from intra day chart analysis
Although firstly up moves in first 2 hours after positive opening but higher levels selling was seen in the next more than 3 hours therefore sharp fall developed after 2 PM. As lower levels volatility in last hour and technical positions reverses during such volatility also therefore firstly sustaining beyond 22384-22421 should be watched tomorrow for next intraday decisive moves beginning confirmations.