Nifty-Intra Day Chart(02-Nov-2011):-
 |
| Just click on chart for its enlarged view |
1- Firstly upmoves in rising channel without consolidation
2- 3 hours selling between 5377-5297
3- Whole day trading between 5229-5299
Conclusions
Up moves started without any consolidation and selling seen within 5377-5297. As today selling is just below previous resistances( 5295-5310) therefore more down moves and continuation of ongoing correction expected in the coming sessions.