Nifty-Intra Day Chart(Oct 04 and Oct 05,2011):-
Technical Patterns and Formations in last 2 sessions intraday charts
Lower levels good consolidations and base formations between 4740-4790 in last 2 days
Nifty-Intra Day Chart(05-Oct-2011):-
Technical Patterns and Formations in today intraday charts
1- Good consolidations and base formations between 4742-4790
2- Whole day intraday consolidation patterns
3- Whole day trading between 4742-4825
Conclusions
41 sessions lowest is at 4720 and consolidations as well as base formation seen above this crucial level in last 2 days. Although Red closing on 05-10-2011 but whole day intraday patterns are showing consolidations therefore up moves will begin in the coming 1/2 sessions and range bound character(4720-5229) of last 41 sessions will remain continued in the coming week.
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| Just click on chart for its enlarged view |
Lower levels good consolidations and base formations between 4740-4790 in last 2 days
Nifty-Intra Day Chart(05-Oct-2011):-
 |
| Just click on chart for its enlarged view |
1- Good consolidations and base formations between 4742-4790
2- Whole day intraday consolidation patterns
3- Whole day trading between 4742-4825
Conclusions
41 sessions lowest is at 4720 and consolidations as well as base formation seen above this crucial level in last 2 days. Although Red closing on 05-10-2011 but whole day intraday patterns are showing consolidations therefore up moves will begin in the coming 1/2 sessions and range bound character(4720-5229) of last 41 sessions will remain continued in the coming week.