Finally sustaining beyond 24284-24338 will confirm next intraday decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(24-04-2025)
Nifty-Intra Day Chart (23-Apr-2025):-
Technical Patterns formation in today intraday charts
1- 239 Points fall in first 2 hours after 116 points gap up opening.
2- Up moves with downward corrections in last 4 hours.
3- Up moves in Bearish Rising Channels also
4- Whole day trading between 24120-24359
Conclusions from intra day chart analysis
Although 116 points gap up opening but after that 239 Points fall was also seen in first 2 hours. As upward moves started from lower levels which remained continued in the last 4 hours with downward corrections therefore Nifty closed 0.67% up near the higher levels of the day. Some higher levels up moves were in Bearish Rising Channels also in last hour therefore firstly fresh consolidation is required within or near about today higher levels for next decisive upward moves beginning.
Expected that Nifty will firstly trade within and near about 24284-24338 and prepare for next intraday decisive moves beginning therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations.