Finally next Gap Supports will confirm
next bigger moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(07-08-2025)
Nifty-Intra Day Chart (06-Aug-2025):-
Technical Patterns formation in today intraday charts
1- 126 Points down in first 2 hours from intraday higher levels
2- Selling between 24584-24628
3- Whole day trading between 24540-24671
Conclusions from intra day
chart analysis
Although firstly some upward moves after flat opening but 126 Points downward moves were seen from intraday higher levels in first 2 hours. As selling also developed in Mid-Session therefore more downward moves were seen in last hour and Nifty closed near the lower levels of the day.
As good intraday selling therefore downward moves are expected towards next 213 points gap supports(24165-24378) and finally sustaining it beyond should be watched tomorrow and in the coming sessions for next bigger moves beginning confirmations.