Watch supports one by one for the life and length of today started correction
Nifty-Intra Day Chart Analysis &
Market Outlook(02-12-2025)
Nifty-Intra Day Chart (01-Dec-2025):-
Technical Patterns formation in today intraday charts
1- Selling between 26271-26314
2- Up moves in Bearish Rising Channels
3- Down moves
4- Sharp falls
5- Whole day trading between 26125-26325
Conclusions from intra day chart analysis
As last Friday announcement that India's economy has grown by 8.2% in the second quarter of 2025-26 and resultant huge possibility of rate cut emerged in the RBI Credit policy announcement on 4th Dec 2025 therefore sentiment boosted and new life top was formed after gap up strong opening.
Sentiment turned heated due to this most positive news and selling developed immediately after opening as well as after some fall follow up selling was again seen 2 times through Up moves in Bearish Rising Channels hence 2 times sharp fall also developed and Nifty closed in Red after loosing all intraday gains.
Following supports were posted in previous Outlook on 29-11-2025 which should be watched one by one for the life and length of today started correction because Nifty closed within 1st support also at 26175.75 today:-
1- 26142-26202
2- 26064-26131
3- 25991-26021
4- 25887-25921