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Intra Day Chart Analysis & Market 
Outlook(05-10-2016)

Nifty-Intra Day Chart (04-Oct-2016):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Volatility in last hours before and after RBI Credit Policy
3- Whole day actual trading between 8737-8783

Conclusions from intra day chart analysis 

Following lines were told at 08:03 AM today in "Firstly Post Credit Policy Moves preparations within Trading Range":-

"Nifty will firstly trade and prepare for next decisive moves within 8700-8793 till 02:30 PM when RBI Credit policy will be announced and finally valid break out of this trading range will confirm next trend"

Nifty traded within mentioned range(8700-8793) between 8737-8783 today with firstly consolidation through Down moves in Bullish Falling Channel but only volatility in last hours before and after RBI Credit Policy and no one sided moves despite 25 BPS rates cuts. As technical positions reverses amid such news based today like volatility therefore expected that Nifty will again trade and prepare for next decisive moves within 8700-8793 and finally valid break out of this trading range will confirm next trend. 

As consolidation in first 3 hours through "Down moves in Bullish Falling Channel" therefore up moves continuation expectations are alive but follow up consolidation is must tomorrow because resistances between 8770-8793 above today closing