Watch 25125 amid more upward
moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(09-10-2024)
Nifty-Intra Day Chart (08-Oct-2024):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 24757-25045
Conclusions from intra day chart analysis
Although firstly some down moves after positive opening but after that whole day up moves were with downward corrections which is a consolidation pattern therefore more upward moves are expected towards neat resistances(25056-25124). As last hours upward moves were due to Haryana BJP victory led heated sentiments and some profit booking also can not be ruled out therefore firstly some consolidation is also required near about today highest and once sustaining above 25124 will mean strong rally beginning therefore it should also be watched in the coming sessions.