Finally sustaining beyond 2427-22522 will confirm next decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(13-03-2025)
Nifty-Intra Day Chart (12-Mar-2025):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections in first 2 hours
2- Last more than 4 hours upward moves with Mixed Patterns formation between 22427-22522
3- Whole day actual trading between 22315-22522
Conclusions from intra day chart analysis
Although firstly downward moves after 115 points gap down opening but got supports within yesterday mentioned 1st supports range(22305-22347) at 22314.70 and after that upward moves started as well as Nifty closed near the top of the day after recovering more than 180 points from intraday lower levels.
First 2 hours Up moves were with downward corrections which is a consolidation pattern but last more than 4 hours upward moves with Mixed Patterns formation between 22427-22522 therefore expected that Nifty will firstly trade and prepare for next decisive moves within this range as well as finally sustaining beyond this range will confirm:-
1- Decisive upward moves beginning confirmations towards next resistances(22591-22676) after sustaining above 22522.
2- Decisive downward mmoves beginninng confirmations towards next supports(22305-22347) after sustaining below 22427.