Upward moves expectations towards
next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(16-01-2025)
Nifty-Intra Day Chart (15-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Down moves after positive opening
2- Minor selling at higher levels
3- Consolidation Patterns formation between 23147-23228
4- Whole day actual trading between 23147-23293
Conclusions from intra day chart analysis
As lower levels consolidation was seen between 23145-23181 on 14-01-2025 therefore following lines were told at 08:26 AM on 14-01-2025 in "Sustaining above 23181 will mean strong Pull Back rally beginning":-
sufficient consolidation developed below 23181 today and upward moves are expected as well as once sustaining above it will mean strong Pull Back rally beginning in the coming sessions.
As was told on 14-01-2025 and 100% same happened in following manner on 15-01-2025:-
1- Nifty closed in Green on 15-01-2025.
2- Nifty closed above 23181 on 15-01-2025.
Although minor selling was seen at higher levels but lower levels more consolidation Patterns formation also developed between 23147-23228 on 15-01-2025 and sufficient consolidation was seen in previous session also therefore expected that upward moves will be seen towards following next resistances:-
1- 23498-23601
2- 23603-23649
Firstly sustaining beyond above mentioned resistances should be watched one by one for next intraday decisive moves beginning confirmations