Upward moves are expectations
towards 24700
Nifty-Intra Day Chart Analysis &
Market Outlook(05-06-2025)
Nifty-Intra Day Chart (04-Jun-2025):-
Technical Patterns formation in today intraday charts
1- Down moves after positive opening
2- Lower levels down moves in Bullish Falling Channel
3- More than 5 hours up moves with downward corrections
4- Whole day trading between 24531-24644
Conclusions from intra day chart analysis
Although firstly down moves after positive opening but lower levels down moves were in Bullish Falling Channel which is a consolidation pattern and and after that more than 5 hours up moves were with downward corrections and it is also a consolidation pattern therefore upward moves are expected towards 24700 and finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.