Sustaining beyond 23220-24004
will confirm next intraday
decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(20-12-2024)
Nifty-Intra Day Chart Analysis(19-Dec-2024)
Technical Patterns formation in today intraday charts
1- 134 Points upward moves after much weaker opening.
2- More than 5 hours Sideways trading between 23220-24004
3- Whole day actual trading between 23871-24004
Conclusions from intra day chart analysis
As US markets crashed due to FOMC announcements yesterday therefore all the Asian markets were down today morning and resultant sentiment turned depressed hence Nifty opened 321 points down today. Although such weakness but firstly Nifty moved up 134 points in first hour and whole day traded sideways between 23220-24004. As technical positions reverses due to such depresed Global news therefore firstly it will be safer to watch sustaining beyond today sideways trading range(23220-24004) for next intraday decisive moves beginning confirmations.