Firstly watch sustaining above 22875
before any decisive upward
moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(30-10-2026)
Nifty-Intra Day Chart (29-Oct-2026):-
Technical Patterns formation in today intraday charts
1- Consolidation between 22681-22763
2- Upward moves
3- Consolidation between 22795-22875
4- Upward moves with downward corrections
5- Whole day actual trading between 22657-22961
Conclusions from intra day chart analysis
Although firstly downward moves after negative opening but lower levels consolidation developed in first hour therefore upward moves were seen. As more than 3 hours consolidation between 22795-22875 in Mid Session and after that Upward moves with downward corrections in last 2 hours also therefore Nifty closed near the higher levels of the day. Short Term indicators have turned Over bought and Very Short Term correction is also expected towards 2nd consolidation range(22795-22875) of today therefore firstly sustaining above 22875 should be watched before any decisive upward moves beginning.