Nifty-Intra Day Chart (09-Jul-2013):-
Technical Patterns and Formations in today intraday charts
1- Both buying and selling indications.
2- Whole day intraday pattern is showing selling patterns formations.
3- Whole day actual trading between 5835-5864
Conclusions from intra day chart analysis
Whole day sideways trading between 5835-5864 with both buying and selling indications but whole day intraday pattern is showing selling patterns formations therefore expected that Nifty will not sustain above yesterday highest(5864) and will finally slip 5864 and correction will remain continued in the coming couple of sessions.
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1- Both buying and selling indications.
2- Whole day intraday pattern is showing selling patterns formations.
3- Whole day actual trading between 5835-5864
Conclusions from intra day chart analysis
Whole day sideways trading between 5835-5864 with both buying and selling indications but whole day intraday pattern is showing selling patterns formations therefore expected that Nifty will not sustain above yesterday highest(5864) and will finally slip 5864 and correction will remain continued in the coming couple of sessions.