Sustaining beyond 24575-24608 will confirm next intraday decisive moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(04-08-2026)
Nifty-Intra Day Chart (03-Aug-2026):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections
2- More than 5 hours sideways trading between 24575-24608
3- Whole day trading between 24516-24774
Conclusions from intra day chart analysis
As Trump cancels strikes on Iran and all of a sudden taken a big U-Turn therefore firstly 143 points gap up opening and after that upward moves with downward corrections were seen therefore Nifty traded above the top of last 79 sessions trading range(24601) in first 6 hours. Although all of a sudden big jump was seen in last minute but more than 5 hours sideways trading was seen between 24575-24608 therefore firstly sustaining beyond this range should be watched tomorrow for next next intraday decisive moves beginning confirmations because selling patterns were also seen within this range despite 1.60% positive today closing.