Sustaining beyond next supports
range will confirm next intraday
decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(02-06-2026)
Nifty-Intra Day Chart (01-Jun-2026):-
Technical Patterns formation in today intraday charts
1- 123 Points fall in first minute from first minute higher levels.
2- Whole day downward moves with upward corrections.
3- Whole day trading between 23358-23733.
Conclusions from intra day
chart analysis
As firstly 123 Points fall in first minute from first minute higher levels and after that whole day downward moves were with upward corrections which is intraday selling pattern therefore Nifty closed near the lower levels of the day after loosing 0.70% points today. Although such weaker closing and deeper correction has also been seen in last 2 sessions but Bounce Back and high intraday volatility is expected in the coming sessions because:-
1- Very Short term indicators have turned Oversold in last 2 sessions deeper corrections.
2- Today lowest and closing was within next supports(23313-23396).
Therefore sustaining beyond this next supports range should be firstly watched tomorrow for next intraday decisive moves beginning confirmations.