Watch sustaining beyond today highest
amid upward moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(10-01-2025)
Nifty-Intra Day Chart (09-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Selling between 23603-23649
2- Sharp fall
3- More than 4 hours down moves in Bullish Falling Channel
4- Whole day actual trading between 23504-23689
Conclusions from intra day chart analysis
Although firstly selling after negative opening and after that sharp fall also developed as well as Nifty traded 185 points down also but last more than 4 hours down moves were in Bullish Falling Channels which is a consolidation pattern therefore upward moves are expected towards today highest(23689) despite 162 points negative closing today. Finally sustaining beyond today highest should be watched for next intraday decisive moves beginning confirmations.