Sustaining beyond 22498-22778 will
confirm next upward moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(29-10-2026)
Nifty-Intra Day Chart (28-Oct-2026):-
Technical Patterns formation in today intraday charts
1- Support between 22498-22606
2- Up moves with downward corrections
3- Sideways trading with consolidation patterns indications between 22671-22778
4- Whole day actual trading between 22498-22778
Conclusions from intra day chart analysis
Although firstly Nifty traded 252 points down in first hour after 71 points weaker opening but lower levels supports was seen therefore upward moves with downward corrections developed which is a consolidation pattern and Nifty traded in Green zone also after recovering first hour loss. As higher levels sideways trading was seen with consolidation patterns indications in last 2 hours therefore expected that:-
1- Nifty will firstly trade within today trading range tomorrow and
2- finally sustaining beyond today trading range should be watched amid decisive upward moves beginning expectations because
3- whole day only consolidation patterns were seen and intraday selling patterns were not developed.