Sustaining beyond 23230-23556 will confirm next decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(03-06-2026)
Nifty-Intra Day Chart (02-Jun-2026):-
Technical Patterns formation in today intraday charts
1- More than 3 hours volatility between 23230-23376 after 128 Points Gap down and 153 Points weaker opening
2- Sharp up
3- Up moves in Bearish Rising Channel
4- Volatility in last hours between 23230-23376
5- Whole day trading between 23230-23556
Conclusions from intra day chart analysis
Following lines were told at 12:41 AM on 02-06-2026 in "Sustaining beyond next supports range will confirm next intraday decisive moves beginning":-
Bounce Back and high intraday
volatility is expected in the
coming sessions
As was told 100% same happened and:-
1- Sharp upward moves was seen in Mid-Session with
2- both first 3 hours and last hours volatility.
Although 128 Points Gap down and 153 Points weaker opening but sharp upward move was seen in Mid-Session after more than 3 hours volatility because Very Short term indicators had turned Oversold after last 2 sessions deeper corrections. As upward moves after sharp up were in Bearish Rising Channel and it is intraday selling pattern therefore Nifty could not sustain at higher levels and volatility developed in last hours between 23230-23376.
As more than 4 hours intraday volatility and higher levels intraday selling patterns formations also therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about today trading range as well as finally sustaining beyond today trading range will confirm its beginning therefore sustaining beyond today trading range(23230-23556) should be watched in the coming sessions for next decisive moves beginning confirmations.