Finally sustaining beyond Immediate
Supports & Resistances will form next
Trend and generate that
side decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(13-02-2025)
Nifty-Intra Day Chart (12-Feb-2025):-
Technical Patterns formation in today intraday charts
1- Sharp fall in first hour
2- Up moves with downward corrections
3- Up moves in Bearish Rising Channel
4- Sharp fall
5- Consolidation between 23963-23022
6- Whole day actual trading between 22799-23144
Conclusions from intra day chart analysis
Although sharp fall in first hour but after that Up moves were seen with downward corrections which is a consolidation pattern therefore Nifty recovered all intraday loss and traded in Green zone also. As some up moves were in Bearish Rising Channel therefore sharp fall was again seen in Mid-Session.
As again consolidation was seen in last hour therefore some upward moves can not be ruled out tomorrow but high intraday volatility was seen today and technical positions reverses also during such high volatility therefore Nifty will firstly trade and prepare for next Trend within and near about following immediate Supports and Resistances in the coming sessions,finally sustaining it beyond will form next Short Term Trend and generate that side decisive moves therefore should be watched in the coming sessions for its confirmations:-
1- 22760-22871(Immediate Supports)
2- 23213-23348(Immediate Resistances)