Upward moves towards 24677
Nifty-Intra Day Chart Analysis &
Market Outlook(06-08-2026)
Nifty-Intra Day Chart (05-Aug-2026):-
Technical Patterns formation in today intraday charts
1- Volatility in first 2 hours between 24564-24663
2- Downward moves in Mid-Session
3- Consolidation in last 3 hours between 24498-24547
4- Whole day actual trading between 24498-24677
Conclusions from intra day chart analysis
Although firstly volatility in first 2 hours and after that downward moves were also seen in Mid-Session but consolidation developed in last 3 hours between 24498-24547 therefore:-
1- Upward moves are expected towards 24677 and firstly sustaining it beyond should be watched tomorrrow for next intraday decisive moves beginning confirmations.
2- 24498-24547 will be immediate supports of Nifty and until Nifty will not sustain below it after complete intraday selling till then next decisive downward moves will not be seen.