Downward moves expectations
towards next supports
Nifty-Intra Day Chart Analysis
& Market Outlook(08-05-2026)
Nifty-Intra Day Chart (07-May-2026):-
Technical Patterns formation in today intraday charts
1- Selling Patterns formation between 24343-24381
2- 139 points sharp jump in Mid-session
2- Whole day trading between 24284-24482
Conclusions from intra day
chart analysis
Although 67 points positive opening and and once Nifty traded 151 poinnts up also in Mid-session after 139 points sharp jump but could not sustain at intraday higher levels and Nifty again slipped. As selling Patterns formation were also seen between 24343-24381 therefore downward moves are expected towards following next supports which should be watched one by one for next intraday decisive moves beginning confirmations:-
1- 23998-24115
2- 23883-23965
3- 23797-23854
4- 23604-23740
5- 23154-23555(Gap Supports)