Nifty-Intra Day Chart(29-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 4680-4700
2- Sharp fall
3- Whole day trading between 4640-4700
Conclusions from intra day chart analysis
All trends are already down and previous week begun rally fizzled out after intraday selling again today therefore more down moves will be seen and Nifty will test following immediate supports of the rally:-
Next immediate supports are as follows:-
1- 4602-4624
2- 4560-4590
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1- Selling between 4680-4700
2- Sharp fall
3- Whole day trading between 4640-4700
Conclusions from intra day chart analysis
All trends are already down and previous week begun rally fizzled out after intraday selling again today therefore more down moves will be seen and Nifty will test following immediate supports of the rally:-
Next immediate supports are as follows:-
1- 4602-4624
2- 4560-4590