Fresh rally continuation after emergence of BJP led NDA huge victory expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(24-05-2024)
Nifty-Intra Day Chart (23-May-2024):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 22578-22993
Conclusions from intra day chart analysis
As huge victory of BJP led NDA had been ascertained from internal election sources after 5th phase of pooling last Monday therefore firstly Nifty consolidated in first 2 sessions of this week and decisive strong rally started after flat opening today. Whole day up moves were with downward corrections and new life time top formations forcefully with 1.64% intraday gains today therefore on going fresh rally will remain continued after emergence of BJP led NDA huge victory expectations.