Finally sustaining beyond 24311-24579
will confirm next intraday decisive
moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(06-11-2026)
Nifty-Intra Day Chart (05-Nov-2026):-
Technical Patterns formation in today intraday charts
1- Consolidation between 24311-24447
2- Upward moves
3- Selling between 24502-24579
4- Whole day actual trading between 24297-24579
Conclusions from intra day
chart analysis
As US Ptrsedent Trump Party was defeated in Mid Term Election and it has heavily increased pressure on the Trump administration to pursue diplomatic de-escalation rather than military adventurism in the Middle East and it has greatly reduced energy risks therefore:-
1- Global Crude Oil Prices Crashed(The Biggest Trigger)
2- Aggressive Return of Foreign Capital(FII Inflows)
3- Rupee strengthened and U.S. Dollar softened as well as its Index slided to a one-month
Resultant Nifty opened 417 up and firstly consolidation developed in first 3 hours therefore after that upward moves were also seen but higher levels selling was also in 2 hours therefore expected that Very Short Term/intraday correction will be seen tomorrow. As both lower levels consolidation and higher levels selling was seen between 24311-24579 today thrtrfore expected that Nifty will firstly trade and prepare for next intraday decisive moves within this range and finally sustaining beyond this range will confirm next intraday decisive moves beginning.