Upward moves expectations
towards 22968
Nifty-Intra Day Chart Analysis &
Market Outlook(28-01-2025)
Nifty-Intra Day Chart (27-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Upward moves after negative opening
2- Selling between 22968-23007
3- Sharp fall
4- Volatility in Mid-Session between 22831-22944
5- Down moves in Bullish Falling Channel
6- Whole day actual trading between 22787-23007
Conclusions from intra day chart analysis
Although firstly upward moves after negative opening but selling developed at higher levels and intraday selling patterns were seen last Friday also therefore sharp fall was seen after that. As volatility in Mid-Session between 22831-22944 and after that Down moves were in Bullish Falling Channel in last hours therefore upward moves are expected towards 22968 in the coming sessions and firstly sustaining it beyond should be watched for next intraday decisive moves beginning confirmations.