Pull Back Rally possibility towards 24450
Nifty-Intra Day Chart Analysis &
Market Outlook(18-12-2024)
Nifty-Intra Day Chart (17-Dec-2024):-
Technical Patterns formation in today intraday charts
1- Selling between 34568-24624
2- Down moves with upward corrections
3- Down moves in Bullish Falling Channels
4- Whole day actual trading between 24304-24624
Conclusions from intra day chart analysis
As firstly selling in first hour and after that follow up selling also through Down moves with upward corrections therefore down moves remain continued till last hour but last 2 hours Down moves were in Bullish Falling Channels and Very Short Term indicators have turned Over sold also therefore Pull Back Rally possibility towards 34450 can not be ruled out. If fresh consolidation develops near about today lowest then expected Pull Back Rally will be seen tomorrow.