Finally sustaining beyond 24428-24648 will generate next intraday decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(05-08-2026)
Nifty-Intra Day Chart (04-Aug-2026):-
Technical Patterns formation in today intraday charts
1- Selling in first 2 hours between 24575-24648
2- Downward moves
3- Consolidation in last 3 hours between 24428-24497
4- Whole day trading between 24428-24703
Conclusions from intra day chart analysis
Although firstly selling in first 2 hours and downward moves were also seen in Mid-Session but lower levels consolidation developed in the last 3 hours therefore expected that Nifty will firstly trade and prepare for for next decisive moves between and near about 24428-24648 as well as finally sustaining beyond this range will generate next intraday decisive moves beginning.