Firstly watch sustaining beyond 

23205-23293 after US markets 

led upward moves today

Post-open Outlook

(22-01-2025)

As Dow Jones closed 537 points up yesterday and resultant sentiment turned positive today morning therefore 

1- Green zone trading of Indian markets is being seen today. 

but

2- Midcap and Smallcap Indices are now trading more than 700 and 250 points down respectively.

3- Bank Nifty is trading in Red

As good selling was seen between 23205-23293 and above this range yesterday and this range is immediate resistance of Nifty therefore until Nifty will not sustain above this range till then decisive up moves will not be seen and firstly sustaining it beyond should be watched today for next intraday decisive moves beginning confirmations. 

Downward moves expectations

 towards next supports

Nifty-Intra Day Chart Analysis & Market

Outlook(22-01-2025)

Nifty-Intra Day Chart (21-Jan-2025):-

Technical Patterns formation in today intraday charts

1- Selling between 23345-23426

2- Sharp down

3- Consolidation between 23147-23215

4- Sharp up

5- Selling between 23364-23411

6- Sharp down

7- Consolidation between 23109-23168

8- Selling between 23205-23293

9- Sharp down

10- Whole day actual trading between 22977-23426

Conclusions from intra day chart analysis 

As good intraday consolidation yesterday therefore firstly Nifty traded 76 points up after gap up opening but fresh selling developed immediately after opening  hence sharp down moves were begun which remained continued till last hour because whole day follow up selling was seen at intraday higher levels. 

Although whole day high intraday volatility with lower levels consolidation and and higher levels selling with sharp upward and downward moves also but higher levels more selling developed therefore firstly downward moves are expected towards following next supports. Sustaining beyond following supports should also be watched one by one for next intraday decisive moves beginning confirmations:- 

1- 22961-23096

2- 22760-22871

Upward moves expectations

 towards next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(21-01-2025)

Nifty-Intra Day Chart (20-Jan-2025):-

Technical Patterns formation in today intraday charts

1- Consolidation between 23171-23239

2- Upward moves

3- More than 4 hours consolidation between 23329-23391

4- Whole day actual trading between 23171-23391

Conclusions from intra day chart analysis 

Although firstly 119 points down moves after positive opening and Nifty traded in negative zone also but lower levels consolidation developed therefore after that upward moves were seen. As more than 4 hours consolidation in last hours also therefore firstly upward moves are expected towards following next resistances and sustaining beyond these resistances should be watched one by one for next intraday moves beginning confirmations:- 

1- 23498-23601

2- 23603-23649