Watch 24308 amid firstly down
moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(25-07-2024)
Nifty-Intra Day Chart (24-Jul-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 24436-24498
2- Down moves
3- Consolidation between 24308-24367
4- Selling between 24425-24449
5- Sharp up
6- Whole day actual trading between 24308-24504
Conclusions from intra day chart analysis
Although firstly some up moves after negative opening but selling was seen between 24436-24498 which was within more than 4 hours trading range(24427-24554) of yesterday also therefore dowm moves were seen in Mid-session. As lower levels more than one hour consolidation developed therefore sharp up moves seen also but again follow up selling in last hour hence:-
1- Firstly down moves are expected towards today lowest(24308)
2- Finally sustaining beyond today lowest should be watched for next bigger moves beginning confirmations