Firstly up moves & finally today supports range will confirm next decisive moves beginning.
Nifty-Intra Day Chart Analysis &
Market Outlook(14-08-2024)
Nifty-Intra Day Chart (13-Aug-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 24306-24355
2- More than 200 points continuous down moves
3- Support between 24117-24179
4- Whole day trading between 24117-24359
Conclusions from intra day chart analysis
As almost 3 hours selling after flat opening and higher levels intraday selling was seen one day before also therefore downward moves begun which remeined continued more than 2 hours as well as Nifty slipped more than 200 points also. Although Nifty closed 0.85% down but lower levels supports were also seen in last hour therefore firstly up moves are expected towards today selling range(24306-24355) and finally sustaining beyond today supports(24117-24179) range will confirm next decisive moves beginning.