Nifty-Intra Day Chart (Aug 23 & Aug 26,2013):-
Technical Patterns and Formations in last 2 Sessions intraday charts
1- Whole day up moves in Bearish Rising channel on 23-08-2013.
2- Selling between 5490-5528 on 26-08-2013
3- 2 Sessions actual trading between 5378-5528
As most Asian markets were trading with good gains today morning therefore firstly gap up opening and most of the time positive zone trading but higher levels selling today after Bearish Rising channel formation on 23-08-2013 therefore finally down moves are expected in the coming sessions after completion of 3 sessions Pull Back Rally.
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1- Whole day up moves in Bearish Rising channel on 23-08-2013.
2- Selling between 5490-5528 on 26-08-2013
3- 2 Sessions actual trading between 5378-5528
Conclusions from 2 Sessions intra day chart analysis
As most Asian markets were trading with good gains today morning therefore firstly gap up opening and most of the time positive zone trading but higher levels selling today after Bearish Rising channel formation on 23-08-2013 therefore finally down moves are expected in the coming sessions after completion of 3 sessions Pull Back Rally.