Finally sustaining beyond 24126-25351 will confirm next intraday bigger decisive moves beginning
Nifty-Intra Day Charts Analysis &
Market Outlook(27-11-2024)
Nifty-Last 2 Sessions intraday
charts analysis
Nifty-Intra Day Chart (Nov 25 & Nov 26,2024):-
Technical Patterns formation in last 2 Sessions intraday charts
1- Intraday trading patterns formations on 25-11-2024:-
A- Selling between 24286-24351 after 296 points gap up opening
B- Sharp fall in Mid-session
C- Up moves with downward corrections
2- Intraday trading patterns formations on 26-11-2024:-
A- 176 Ponts fall from higher levels in first hour and 15 minutes after 121 points positive opening
2- More than 2 hours consolidation between 24143-24194 in Mid-session
3- Last 2 Sessions actual trading between 24126-25351
Conclusions from 2 Sessions
intra day chart analysis
As huge unexpected victory of BJP in Assembly Elections last Saturday therefore 296 points gap up opening was seen on 25-11-2024 but sentiment turned heated hence higher levels selling developed in the next more than 2 hours and Nifty could not sustain at higher levels as well as sharp fall was seen in Mid-session. Although Nifty lost more than 200 points from intrday higher levels but last more than 2 hours upward moves were with downward corrections which means that consolidation also developed at lower levels. As higher levels good intraday selling was seen one day before therefore firstly 176 Ponts fall was seen from higher levels in first hour and 15 minutes after 121 points positive opening on 26-11-2024. More than 2 hours consolidation was also seen at lower levels between 24143-24194 in Mid-session on 26-11-2024 therefore last 2 sessions intraday trading will be understood with Mixed Patterns formation between 24126-25351 and firstly sustaining beyond this range should be watched in the coming sessions for next intraday bigger decisive moves beginning confirmations.