Nifty-Intra Day Chart (17-Apr-2013):-
Technical Patterns and Formations in today intraday charts
1-Consolidations and supports between 5683-5710
2- Selling between 5720-5732
3- Follow up selling between 5706-5716
4- Bearish Head and Shoulders formations
5- Whole day actual trading between 5669-5732
Firstly more than 2 hours consolidations and supports between 5683-5710 but after that without force up moves and selling at higher levels as well as Bearish Head and Shoulders formations therefore down moves will be seen tomorrow.
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1-Consolidations and supports between 5683-5710
2- Selling between 5720-5732
3- Follow up selling between 5706-5716
4- Bearish Head and Shoulders formations
5- Whole day actual trading between 5669-5732
Conclusions from intra day chart analysis
Firstly more than 2 hours consolidations and supports between 5683-5710 but after that without force up moves and selling at higher levels as well as Bearish Head and Shoulders formations therefore down moves will be seen tomorrow.