Sustaining beyond 2 levels will confirm next bigger moves amid firstly upward moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(23-01-2026)
Nifty-Intra Day Chart (22-Jan-2026):-
Technical Patterns formation in today intraday charts
1- Volatility in first hour between 25308-25435 after 186 points positive opening
2- 4 Hours consolidation in Mid-Session between 25169-25270
3- Whole day trading between 25169-25435(immediate supports)
Conclusions from intra day
chart analysis
Following lines were told at 02:10 AM on 22-01-2026 in "Watch immediate resistances amid upward moves expectations":-
1- upward moves are expected towards next immediate resistances(25441-25485) and
2- finally sustaining beyond immediate resistances should be watched in the coming sessions for next bigger moves beginning confirmations.
As was told 100% same happened and:-
1- Firstly upward moves were seen and Nifty traded 278 points up in first hour.
2- immediate resistances were told between 25441-25485 and today highest was only 6 points below it at 25435.75.
Although firstly volatility in first hour between 25308-25435 but 4 Hours consolidation was also seen near the lower levels of the day in Mid-Session between 25169-25270 therefore this range will be immediate supports of Nifty and next supports below this range were developed between 25128-25195 yesterday.
As consolidation was seen between 25128-25270 in last 2 sessions therefore this range will be immediate supports of Nifty and:-
1- Until Nifty will not sustain below 25128 after complete intraday selling patterns formations till then decisive downward moves will not be seen
2- Sustaining above 25270 will mean strong rally beginning and first signal of on going that correction completion which begun from 26373.20 on 05-01-2026.
As good intraday consolidation in last 2 sessions between 25128-25270 therefore upward moves are expected towards yesterday mentioned resistance range(25441-25485) and finally sustaining beyond these 2 levels will confirm next bigger moves.