Watch immediate Support & Resistances
after Intraday Volatility
Nifty-Intra Day Chart Analysis &
Market Outlook(23-01-2025)
Nifty-Intra Day Chart (22-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Intraday volatility
2- Whole day actual trading between 22982-23169
Conclusions from intra day chart analysis
Although strong US markets closing led positive opening of Nifty but one day before good intraday selling was seen in Indian markets therefore Nifty could not sustain and downward moves started which remained continued more than 4 hours. 1st supports between 22961-23096 was posted at 09:36 PM on 20-01-2025 and Nifty got supports within this range at 22981.30 as well as upward moves begun which remaied continued till last half hour.
As whole day only intraday volatility and one sided clear intraday trading patterns were not seen therefore sustaining beyond following immediate supports and immediate resistances should be watched for next one sided decisive moves moves beginning confirmations:-
1- Immediate support(22961-23096)
2- Immediate resistances(23205-23293)