Nifty-Intra Day Chart(08-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5293-5303
2- Buying between 5253-5267
3- Mixed Patterns between 5278-5298
4- Whole day trading between 5252-5303
Conclusions
Although higher levels selling and lower levels buying but intraday patterns are suggesting consolidation formations therefore crossing and sustaining possibility above 5303 is high in the coming sessions. If no big blow from global markets then rally will be seen above 5303.
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1- Selling between 5293-5303
2- Buying between 5253-5267
3- Mixed Patterns between 5278-5298
4- Whole day trading between 5252-5303
Conclusions
Although higher levels selling and lower levels buying but intraday patterns are suggesting consolidation formations therefore crossing and sustaining possibility above 5303 is high in the coming sessions. If no big blow from global markets then rally will be seen above 5303.