Finally sustaining beyond Levels will confirm Pre and Post Budget next one sided bigger moves
Nifty-Intra Day Chart Analysis &
Market Outlook(30-01-2026)
Nifty-Intra Day Chart (29-Jan-2026):-
Technical Patterns formation in today intraday charts
1- 93 Points sharp fall in first minute after flat opening
2- Consolidation in first 3 hours between 25160-25303
3- Up moves with downward corrections in Mid-Session
4- Selling in last hour between 25403-25458
5- Whole day trading between 25160-25458
Conclusions from intra day
chart analysis
Although firstly 93 points sharp fall in first minute after flat opening but lower levels consolidation was seen in first 3 hours between 25160-25303 therefore upward moves developed in Mid Session. As these upward moves were with downward corrections hence Nifty recovered from all first hour 185 points loss and closed also with 76 points gains but selling was also seen at higher levels in last hour between 25403-25458 therefore expected that Nifty will firstly trade and prepare for post Budget moves within and near about today trading range tomorrow.
Nifty traded between 24920-25435 in 5 previous sessions after 414 points sharp fall on 20-01-2026. Although today highest was above previous 5 sessions highest at 25458.15 but Nifty closed today also within 5 previous sessions range after fresh intraday selling above and within this range. Today Mid-Session upward moves were the reaction of Economic Survey Report and tomorrow Indian Stock Markets will prepare for post Budget one sided decisive and bigger moves and finally Indian markets will react on Budget announcements on 01-02-2026.
As high intraday Volatility can not be ruled out in the coming 2 sessions therefore sustaining beyond following levels should be watched in the coming 2 sessions for Pre and Post Budget next one sided bigger moves beginning signals and confirmations with next Long Term Trend formation confirmations also which is now at stake:-
1-25403-25458(Today intraday selling range for first signal of next decisive moves beginning)
2- Long Term Trend decider 200-Day SMA(today at 25184) for next formation confirmations.
3- 24920-25458(Last 6 sessions trading range for next bigger moves beginning confirmations)
4- Supports within last 6 sessions trading range are as follows:-
A- 25160-25303
B- 25014-25097
C- 24905-24945
5- Resistances within last 6 sessions trading range are as follows:-
A- 25403-25458