Nifty-Intra Day Chart(17-Feb-2012):-
1- 4 Hours 45 Minutes selling between 5588-5605
2- Last more than 1 hour mixed intraday patterns between 5546-5573
3- Whole day trading between 5546-5605
Good selling at higher levels on 17-02-2012 on the back of strong global cues and except this higher levels intrady selling was seen on 16-02-2012 also therefore down moves possibilities in the coming sessions have turned higher and expected that Nifty will slip below 5500 in the coming sessions.
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Technical Patterns and Formations in today intraday charts
1- 4 Hours 45 Minutes selling between 5588-5605
2- Last more than 1 hour mixed intraday patterns between 5546-5573
3- Whole day trading between 5546-5605
Conclusions from intra day chart analysis
Good selling at higher levels on 17-02-2012 on the back of strong global cues and except this higher levels intrady selling was seen on 16-02-2012 also therefore down moves possibilities in the coming sessions have turned higher and expected that Nifty will slip below 5500 in the coming sessions.