Downward moves below today
lowest and towards next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(25-09-2024)
Nifty-Intra Day Chart (24-Sep-2024):-
Technical Patterns formation in today intraday charts
1- Upward moves after negative opening
2- Selling between 25946-25979
3- Support between 25907-25932
4- Selling between 25953-25990
5- Sharp fall
6- Whole day actual trading between 25887-26011
Conclusions from intra day chart analysis
Although firstly upward moves after negative opening but higher levels selling developed therefore some downward moves were seen. As some supports developed in Mid-Session therefore fresh up moves started from lower levels and once Nifrt traded above 26000 also but follow up selling was seen therefore Nifty fallen shartly in last half hour.
As higher levels good intraday selling today therefore:-
1- Down moves are expected below today lowest
2- Towards next supports between 25849-25883
3- Firstly sustaining beyond 25849-25883 should be watched tomorrow for next intraday decisive moves beginning confirmations.