Nifty-Intra Day Chart (Apr 22 and Apr 23,2013):-
Technical Patterns and Formations in last 2 Sessions intraday charts
1- Selling between 5820-5833 on 22-04-2013
2- Support between 5795-5810 in both sessions.
3- Bearish Rising Wedge formations in last hour on 22-04-2013
4- Bullish Falling channel formations on 23-04-2013
5- 2 Sessions actual trading between 5790-5844.
Although some higher levels selling and Bearish Rising Wedge formations on 22-04-2013 but good supports at lower levels in both sessions and Bullish Falling channel formations on 23-04-2013 also therefore no threat to on going up trend and rally continuation is expected in the coming session.
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1- Selling between 5820-5833 on 22-04-2013
2- Support between 5795-5810 in both sessions.
3- Bearish Rising Wedge formations in last hour on 22-04-2013
4- Bullish Falling channel formations on 23-04-2013
5- 2 Sessions actual trading between 5790-5844.
Conclusions from 2 Sessions intra day chart analysis
Although some higher levels selling and Bearish Rising Wedge formations on 22-04-2013 but good supports at lower levels in both sessions and Bullish Falling channel formations on 23-04-2013 also therefore no threat to on going up trend and rally continuation is expected in the coming session.