Sustaining beyond most crucial
levels will generate more than
1% one sided moves
Nifty-Intra Day Chart Analysis &
Market Outlook(24-01-2025)
Nifty-Intra Day Chart (23-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Sharp upward moves after negative opening
2- More than 5 hours sideways trading between 23198-23270
3- Whole day actual trading between 23091-23270
Conclusions from intra day chart analysis
Although firstly slipping after negative opening and Nifty traded 64 points down also but sharp upward moves were seen after that as well as Nifty traded more than 5 hours sideways between 23198-23270 today. Resistances between 23205-23293 were posted in both 2 previous Outlooks and Nifty traded more than 5 hours sideways within and little below this range between 23198-23270 today as well as Nifty closed exactly today at the bottom of mentioned resistance range at 23205.35. As in this manner levels between 23198-23293 has become most crucial and next bigger moves decider also as well as finally sustaining beyond this range will generate next more than 1% one sided moves hence it should be watched in the coming sessions for more than 1% moves beginning confirmations.