Sustaining above 26110
will confirm
strong upward moves beginning
Nifty-Intra Day Chart Analysis
& Market Outlook(08-01-2026)
Nifty-Intra Day Chart (07-Jan-2026):-
Technical Patterns formation in today intraday charts
1- Volatility in first 2 hours after negative opening
2- Downward moves
3- Consolidation between 26068-26110
4- Sharp upward moves
5- Whole day trading between 26068-26187
Conclusions from intra day chart analysis
Although volatility in first 2 hours after negative opening and after that downward moves were also seen but consolidation developed at lower levels in Mid-Session therefore sharp upward moves were seen in last hour. As lower levels good intraday consolidation between 26068-26110 today therefore:-
1-Firstly sustaining beyond 26110 should be watched tomorrow because once sustaining above it will mean strong upward moves beginning confirmation.
2- Finally sustaining beyond 26068-26110 will confirm life and length of on going Very Short Term Correction.