Sustaining beyond 22613-22671 will confirm next intraday decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(10-04-2024)
Nifty-Intra Day Chart (09-Apr-2024):-
Technical Patterns formation in today intraday charts
1- Volatility in first hour between 22676-22725
2- Selling in next 2 hours between 22735-22768
3- Down moves in Bullish Falling Channel
4- Volatility in last hour between 22613-22671
5- Whole day actual trading between 22613-22768
Conclusions from intra day chart analysis
Although firstly gap up strong opening but after that Nifty slipped 90 points in first 10 minutes and volatility was seen in first hour as well as Nifty recovered all first hour loss. As higher levels selling developed in next 2 hours therefore down moves were seen in Mid-session and Nifty traded in Negative zone also.
As Mid-Session Down moves were in Bullish Falling Channel and volatility was seen in last hour also between 22613-22671 therefore firstly sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations