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Down moves expectations
Nifty-Intra Day Chart Analysis & 
Market Outlook(09-05-2024)
Nifty-Intra Day Chart (08-May-2024):-
Technical Patterns formation in today intraday charts

1- Volarility in first 2 hours after weaker opening
2- Up moves in Bearish Rising Channel
3- Selling Patterns formation in last 4 hours between 22281-22368
4- Whole day actual trading between 22186-22368

Conclusions from intra day chart analysis 

Although firstly some down moves after weaker opening and Nifty slipped more than 100 points also but Nifty got supports just below yesterday mentioned next 1st supports 22199-22258 at 22,185.20 today. As up moves in Bearish Rising Channel in Mid-session after first 2 hours volatility and after that selling Patterns formation in last 4 hours also therefore whole day good intraday selling will be understood and down moves are expected in the coming sessions.
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