Upward moves towards next resistances
Nifty-Intra Day Chart Analysis
& Market Outlook(06-05-2026)
Nifty-Intra Day Chart (05-May-2026):-
Technical Patterns formation in today intraday charts
1- Volatility in first hour between 23979-24072
2- Downward moves
3- Consolidation between 23883-23965
4- Upward moves
5- Consolidation between 23997-24081
6- Whole day trading between 23883-24081
Conclusions from intra day
chart analysis
Although firstly volatility in first hour after negative opening and after that downward moves were also seen but lower levels more than 2 hours consolidation between 23883-23965 therefore upward moves developed in Mid-Session. As higher levels follow up consolidation was also seen in the last more than 2 hours therefore upward moves are expected towards following next resistances which should be watched one by one for the next decisive moves beginning confirmations:-
1- 24190-24219
2- 24266-24328
3- 24387-24453
4- 24533-24579