Sustaining above above 22615
will mean strong rally
Nifty-Intra Day Chart Analysis &
Market Outlook(31-05-2024)
Nifty-Intra Day Chart (30-May-2024):-
Technical Patterns formation in today intraday charts
1- Down moves after weaker opening
2- Consolidation between 22540-22615
3- Supports between 22417-22502
4- Whole day actual trading between 22417-22705
Conclusions from intra day chart analysis
As Dow Jones Futures was trading more than 250 points down before the opening of Indian markets and all the Asian markets were also trading in Red therefore firstly down moves were seen after weaker opening. More than 3 hours consolidation in Mid-Session and lower levels supports also therefore finally up moves are expected and sustaining above above 22615 will mean strong rally beginning.