Nifty-Intra Day Chart (05-Sep-2013):-
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Technical Patterns and Formations in today intraday charts
1- Bullish Falling Channel formations
2- Whole day actual trading between 5554-5611
Conclusions from intra day chart analysis
Whole day trading at more than 2% upward levels with Bullish Falling Channel formations therefore technically signal of up moves continuation. As such higher levels trading were on the back of most Bullish and much awaited Pension Bill passing news therefore next trend confirmations is also required through sustaining beyond 5554-5611 because Nifty traded whole day within this range today amid Bullish sentiments.
Technical Patterns and Formations in today intraday charts
1- Bullish Falling Channel formations
2- Whole day actual trading between 5554-5611
Conclusions from intra day chart analysis
Whole day trading at more than 2% upward levels with Bullish Falling Channel formations therefore technically signal of up moves continuation. As such higher levels trading were on the back of most Bullish and much awaited Pension Bill passing news therefore next trend confirmations is also required through sustaining beyond 5554-5611 because Nifty traded whole day within this range today amid Bullish sentiments.