Firstly watch 24709-24772 for
next intraday decisive moves beginning
after sharp fall today
Nifty-Intra Day Chart Analysis &
Market Outlook(05-09-2025)
Nifty-Intra Day Chart (04-09-2025):-
Technical Patterns formation in today intraday charts
1- 130 Points sharp fall in first 22 minutes after 243 points gap up opening.
2- Selling between 24887-24934
3- Sharp fall
4- Selling between 24806-24854
5- Support between 24709-24772
6- Whole day trading between 24709-24980
Conclusions from intra day chart analysis
Following lines were told yesterday at 10:10 PM in "Upward moves towards next resistances":-
upward moves are expected in the coming sessions towards following next resistances:-
1- 24756-24833
2- 24969-25015
As was told 100% same happened and:-
265 Points upward moves were seen today towards already mentioned 2nd resistance range(24969-25015) with today highest formations within this range at 24980.75.
Although firstly 243 points gap up opening but resistances were lying between 24969-25015 therefore could not sustain within this range and 130 Points sharp fall was seen in first 22 minutes.
As fresh selling developed after some up moves therefore again sharp fall was seen after that. More than 3 hours follow up selling developed also in Mid-Session therefore downward moves remained continued till last half hour.
Although Nifty traded in Red also in last half hour after loosing all 265 points intraday gains before 19.25 positive closing but lower levels some supports were seen between 24709-24772 therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations.