Just watch next supports and resistances after Donald Trump clear threat to Iran
Nifty-Intra Day Chart Analysis &
Market Outlook(08-04-2026)
Nifty-Intra Day Chart (07-Apr-2026):-
Technical Patterns formation in today intraday charts
1- More than 4 hours upward moves with downward corrections.
2- Sharp up in last hour
3- Whole day trading between 23154-22719
Conclusions from intra day chart analysis
As Middle East war escalation news all around today morning therefore firstly Nifty traded 248 points down in first minute after 129 points weaker opening. Although such depressed sentiments today morning but upward moves started with downward corrections which remained continued more than 4 hours and after that sharp upward moves were also seen in last hour therefore Nifty closed with 155 points after after recovering whole first minute loss.
Donald Trump has clearly told in his threat to Iran that ‘whole civilization will die tonight’. No one know that what will happen in the coming days and how much its impact will be on Petroleum supply to other countries and India also therefore following next supports and resistances should be watched one by one for next decisive moves beginning confirmations during such dark and unclear Global situations:-
Next supports below today closing are as follows:-
1- 22821-22940
2- 22567-22682
3- 22183-22284
4- 21825-22021
Next resistances above today closing are as follows:-
1- 23362-23477
2- 23706-23838
3- 23940-24006
4- 24198-24302