Watch next supports amid firstly
down moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(30-07-2024)
Nifty-Intra Day Chart (29-Jul-2024):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel after gap up strong opening
2- Sharp up
3- Up moves in Bearish Rising Channel
4- Selling just below 25,000
4- Sharp fall
5- Selling between 24834-24891
6- Whole day actual trading between 24774-24999
Conclusions from intra day
chart analysis
Live Proofs of our 100% accurate
Nifty predictions & Analysis
Following lines were told in previous Outlook last Saturday on 27-07-2024 in "Bullish rally continuation towards next Psychological level at 25,000 amid Very Short Term or little deeper intraday correction possibility":-
1- on going Bullish rally continuation will be seen towards next Psychological level at 25,000 in next week.
2- Very Short Term or little deeper intraday correction possibility also can not be ruled out.
As was told on 27-07-2024 100% same happened in following manner on 29-07-2024:-
1- Nifty traded towards 25,000 after 108 points gap up strong opening.
2- Today highest was at 24999.75 after gaining 165 points.
3- Very Short Term intraday correction was seen and Nifty slipped 225 points also from higher levels as well as several times traded negative zone also after flat closing.
As firstly consolidation was seen through Down moves in Bullish Falling Channel after gap up strong opening therefore after that sharp up moves were seen. Selling pattern of up moves in Bearish Rising Channel formations was seen in Mid-Session and after that fresh selling in sideways market just below 25,000 in heated sentiments therefore sharp fall was seen. Follow up selling was also seen
last hours between 14834-14891 therefore firstly down moves are expected below today lowest(24774) and towards next supports(24367-24426)in the coming session as well as firstly sustaining beyond this su8pports range should be watched in the coming sessions for next decisive moves beginning confirmations