Watch next resistances after today
Relief Rally
Nifty-Intra Day Chart Analysis & Market
Outlook(08-08-2025)
Nifty-Intra Day Chart (07-Aug-2025):-
Technical Patterns formation in today intraday charts
1- Downward moves after 110 points negative opening
2- Consolidation between 24345-24455
3- Sharp up in last hour
4- Whole day trading between 24345-24634
Conclusions from intra day chart analysis
Following lines were told at 02:22 AM today in "Finally next Gap Supports will confirm next bigger moves beginning":-
1- downward moves are expected towards next 213 points gap supports(24165-24378)
2- finally sustaining it beyond should be watched tomorrow and in the coming sessions for next bigger moves beginning
As was told 100% same happened and:-
1- 230 Points downward moves were seen towards already mentioned next gap supports(24165-24378) and
2- also got supports within this range at 24344.15 today.
As Donald Trump imposed 25% more tariff on India and sentiment was completely depressed today morning therefore firstly downward moves were seen after 110 points negative opening. Lower levels consolidation developed between 24345-24455 which was within and above yesterday mentioned Gap supports range therefore sharp upward moves were also seen in last hour. As today last hour rally will be understood as relief rally after sharp correction which are usually seen in Bearish markets also therefore firstly sustaining above following next resistances should be watched for next decisive moves beginning confirmations:-
1- 24584-24628
2- 24711-24729
3- 24744-24778