Nifty-Intra Day Chart (11-Mar-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5950-5970
2- Lower levels minor supports.
3- Whole day actual trading between 5950-5970
Although lower levels minor supports but higher levels good selling therefore down moves will be seen tomorrow and possibility of Pull Back rally completion also because selling was seen today between resistance range(5940-5970). Follow up selling and sustaining below 5970 will be more down moves after Pull Back rally completion confirmations.
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1- Selling between 5950-5970
2- Lower levels minor supports.
3- Whole day actual trading between 5950-5970
Conclusions from intra day chart analysis
Although lower levels minor supports but higher levels good selling therefore down moves will be seen tomorrow and possibility of Pull Back rally completion also because selling was seen today between resistance range(5940-5970). Follow up selling and sustaining below 5970 will be more down moves after Pull Back rally completion confirmations.