On going correction continuation
amid only some upward moves
possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(09-10-2026)
Nifty-Intra Day Chart (08-Oct-2026):-
Technical Patterns formation in today intraday charts
1- 77 Points down in first minute
2- Down moves with upward corrections
3- Whole day actual trading between 22180-22599
Conclusions from intra day chart analysis
All the Global markets were in crashing mode in following manner today morning:-
1- Dow Jones closed -341.41 Points & 0.66% Down yesterday.
2- Dow Jones Futures was trading -413.10 Points & 0..81% Down today morning.
Asian markets were trading in following manner down today:-
1- Nikkei 225(Japan) was trading -791.71 Points & 1.13% Down today morning.
2- Hang Seng(Hong Kong) was trading -344.71 Points & 1.43% Down today morning.
3- SET(Thailand) was trading -177.97 Points & 2.62% Down today morning.
4- KOSPI(Korea) was trading -15.47 Points & 0.98% Down today morning.
European markets were trading in following manner down today:-
1- Dax(Germany) was trading -199.97 Points & 0.80% Down today morning.
2- FTSE 100(England) was trading -45.14 Points & 0.43% Down today morning.
3- CAC 40(France) was trading -66.91 Points & 0.86% Down today morning.
As all the Global markets were in above menner crashing mode today morning therefore Nifty traded 77 points down in first minute after negative opening and after that whole day Downward moves remained with upward corrections which is intraday selling pattern hence Nifty closed 1.64% down near the lower levels of the day.
Although on going correction is expected but Very Short indicators have turned oversold after today deeper correction therefore some upward moves can not be ruled out. It should be kept in mind that until Nifty will not sustain above immediate resistance(22583-22635) after complete consolidation till then any decisive upward move/Pull Back Rally will not be seen and on going correction will remain continued.