Upward moves expectations towards
next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(03-11-2026)
Nifty-Intra Day Chart (02-Nov-2026):-
Technical Patterns formation in today intraday charts
1- Whole day actual trading between 23208-23349 with consolidation patterns indications
2- Whole day trading between 23208-23440
Conclusions from intra day chart analysis
Nifty opened 169 points up at 23222.30 today morning because:-
1- Reliance Industries Consolidated Net Profit (PAT) increased 33.8% (year-on-year) for the Q2 FY27 which was declared last Saturday(30-10-2026).
2- Dow Jones Futures was trading more than 200 points up today morning.
3- Brent Oil was trading more than 3% down today morning.
As above mentioned most positive news flow today morning therefore firstly 169 points strong opening and after that whole day positive zone trading was seen with consolidation patterns indications between 23208-23349 therefore upward moves are expected towards next resistances(23423-23469).