Nifty-Intra Day Chart (24-Jul-2013):-
Technical Patterns and Formations in today intraday charts
1-Selling between 6020-6045
2- Sharp fall
3- Last 5 hours trading between 5961-5999
4- Support between 5964-5975 in last 5 hours
5- Selling between 5981-5996 in last 5 hours
6- Whole day actual trading between 5964-6045
As up moves despite selling patterns formations in previous 3 sessions and on the back of only global positive news flows therefore only Bearish views were updated and resultant sharp fall seen yesterday. High possibility of corrective Wave-C beginning and following supports should be watched for its confirmations and deep down moves possibilities:-
1- 5911
2- 5761
 |
| Just click on chart for its enlarged view |
1-Selling between 6020-6045
2- Sharp fall
3- Last 5 hours trading between 5961-5999
4- Support between 5964-5975 in last 5 hours
5- Selling between 5981-5996 in last 5 hours
6- Whole day actual trading between 5964-6045
Conclusions from intra day chart analysis
As up moves despite selling patterns formations in previous 3 sessions and on the back of only global positive news flows therefore only Bearish views were updated and resultant sharp fall seen yesterday. High possibility of corrective Wave-C beginning and following supports should be watched for its confirmations and deep down moves possibilities:-
1- 5911
2- 5761