Upward moves expectations towards
next resistances
Nifty-Intra Day Chart Analysis & Market
Outlook(03-06-2025)
Nifty-Intra Day Chart (02-Jun-2025):-
Technical Patterns formation in today intraday charts
1- Sharp fall and 224 points down in first 5 minutes after weaker opening.
2- Up moves with downward corrections
3- Consolidation in last 3 hours between 24661-24754
4- Whole day trading between 24527-24754
Conclusions from intra day chart analysis
Although firstly 224 points downward moves after sharp fall in first 5 minutes and weaker opening but after that up moves started with downward corrections which is a consolidation pattern and finally consolidation was seen in last 3 hours between 24661-24754 near intraday higher levels therefore upward moves are expected next resistances( 24976-25083) in the coming session.