Watch next resistances amid up
moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(26-04-2024)
Nifty-Intra Day Chart (25-Apr-2024):-
Technical Patterns formation in today intraday charts
1- More than 4 hours consolidation between 22306-22471
2- Up moves with downward corrections
3- Sideways trading in last 2 hours between 22551-22625
4- Whole day actual trading between 22306-22625
Conclusions from intra day chart analysis
Althiough 78 points gap down opening but firstly more than 4 hours lower levels consolidation therefore up moves moves developed with downward corrections in Mid session which means follow up consolidation was also seen. As sideways trading in last 2 hours between 22551-22625 therefore it will be understood that clear intraday selling patterns could not develop and up moves are expected towards next resistances(22654-22726) as well as firstly sustaining it beyond should be watched tomorrow for next intraday decisive up moves beginning confirmations.