Downward moves towards next supports
Nifty-Intra Day Chart Analysis
& Market Outlook(12-05-2026)
Nifty-Intra Day Chart (11-May-2026):-
Technical Patterns formation in today intraday charts
1- Volatility in first 2 hours after 206 points weaker opening
2- Selling between 23924-23997
3- Sharp fall in last hour
4- Whole day trading between 23800-23997
Conclusions from intra day chart analysis
Although firstly volatility in first 2 hours after 206 points weaker opening and after that upward moves were also seen but more then 3 hours selling was seen in Mid session therefore sharp fall developed in last hour. As only intraday selling pattrens formations and therefore more downward moves are expected towards following next supports which should be watched one by one for next decisive moves beginning confirmations:-
1- 23604-23740
2- 23154-23555(Gap Supports)