Sustaining above 22394 will
confirm strong rally towards
next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(06-03-2025)
Nifty-Intra Day Chart (05-Mar-2025):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections after negative opening.
2- More than last 3 hours sideways trading between 22297-22394
3- Whole day actual trading between 22068-22394
Conclusions from intra day chart analysis
Although firstly down moves after negative opening but upwards moves started with downward corrections which remained continued more than 3 hours therefore Nifty recovered 226 points from lower levels. As more than last 3 hours sideways trading between 22297-22394 therefore expected that Nifty will firstly trade within and near about this trading range in the coming session and once sustaining above 22394 will mean strong rally beginning confirmations towards next resistances between 22451-22508
As Tariff war erupted Globally after Trump coming into power therefore high volatility is being seen in Indian and all the Global markets hence levels should also be watched for next decisive moves beginning confirmations