Nifty-Intra Day Chart (11-Jul-2013):-
Technical Patterns and Formations in today intraday charts
1- Most time trading between 5923-5947 with higher levels selling patterns formations
2- Whole day actual trading between 5903-5947
Blasting Global cues led gap up opening and whole day trading between strong resistances(5873-5969) as well as most time trading between 5923-5947 with higher levels selling patterns formations. As today trading was after huge gap up opening therefore mentioned selling patterns will be understood only first indication of weakness and follow up moves with sustaining beyond mentioned strong resistance range should be firstly watched for next trend confirmations.
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1- Most time trading between 5923-5947 with higher levels selling patterns formations
2- Whole day actual trading between 5903-5947
Conclusions from intra day chart analysis
Blasting Global cues led gap up opening and whole day trading between strong resistances(5873-5969) as well as most time trading between 5923-5947 with higher levels selling patterns formations. As today trading was after huge gap up opening therefore mentioned selling patterns will be understood only first indication of weakness and follow up moves with sustaining beyond mentioned strong resistance range should be firstly watched for next trend confirmations.