Sustaining above 24355 will 

confirm strong rally beginning

Nifty-Intra Day Chart Analysis & Market 

Outlook(12-07-2024)

Nifty-Intra Day Chart (11-07-2024):-

Technical Patterns formation in today intraday charts

1- 85 Points fall in first half hour after positive opening

2- More than 100  points sharp fall

3- More than 4 hours up moves with downward corrections between 24237-24355

4- Whole day actual trading between 24194-24402

Conclusions from intra day chart analysis 

Although  85 points fall in first half hour after positive opening and again more than 100  points sharp fall but after that up moves begun with downward corrections which remained continued in the next more than 4 hours. 

 

As more than 8 hours up moves with downward corrections have been seen in the last 2 sessions between 24142-24355 therefore firstly sustaining above 24355 should be watched in the coming sessions strong rally beginning confirmations after Short Term correction completion.

Sustaining above 24333 will confirm fresh rally after Short Term correction completion

Nifty-Intra Day Chart Analysis &

Market Outlook(11-07-2024)

Nifty-Intra Day Chart (10-Jul-2024):-

Technical Patterns formation in today intraday charts

1- Selling in first half hour after positive opening between 24397-24461

2- 319 Points sharp fall in one hour

3- More than 4 hours up moves with downward corrections between 24142-24333

4- Whole day actual trading between 24142-24461

Conclusions from intra day chart analysis 

Although positive opening but selling developed and some intraday selling was seen in previous sessions as well as Short Term indicators had turned Overbought and were showing negative divergence also therefore intraday Short Term Correction developed through 319 Points sharp fall in one hour. 

As lower levels supports developed and after that more than 4 hours up moves were seen with downward corrections between 24142-24333 therefore firstly sustaining above this range should be watched in the coming sessions for fresh rally beginning confirmations after Short Term correction completion.

Rally continuation with Short Term intraday correction possibility

Nifty-Intra Day Chart Analysis &

Market Outlook(10-07-2024)

Nifty-Intra Day Chart (09-Jul-2024):-

Technical Patterns formation in today intraday charts

1- Whole day up moves with downward corrections after positive opening

2- Whole day actual trading between 24332-24443

Conclusions from intra day chart analysis 

As whole day up moves with downward corrections after positive opening and intraday selling patterns were also seen therefore finally on going rally continuation is expected but after Short Term intraday correction because Short Term indicators have turned Overbought and showing negative divergence also. 

Sustaining beyond 24267-24332

 will confirm next intraday 

bigger moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(09-07-2024)

Nifty-Intra Day Chart (08-Jul-2024):-

Technical Patterns formation in today intraday charts

1- Most time sideways trading between 24267-24332

2- Whole day actual trading between 24241-24344

Conclusions from intra day chart analysis 

As most time sideways trading between 24267-24332 and one sided intraday technical patterns were not seen within this range therefore firstly sustaining beyond this range should be watched in the coming sessions for next intraday bigger moves beginning confirmations.