Nifty-Intra Day Chart (23-Sep-2013):-
Technical Patterns and Formations in today intraday charts
1- Higher levels selling.
2- Consolidation between 5871-5896
3- Whole day actual trading between 5871-5989
Firstly higher levels some selling but consolidation also seen in last 3 hours therefore some up moves can not be ruled out between 5900-6050 because consolidation seen just above strong support range(5779-5888).
As correction is on therefore firstly sustaining above 5900 should also be watched for next up moves confirmations.
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1- Higher levels selling.
2- Consolidation between 5871-5896
3- Whole day actual trading between 5871-5989
Conclusions from intra day chart analysis
Firstly higher levels some selling but consolidation also seen in last 3 hours therefore some up moves can not be ruled out between 5900-6050 because consolidation seen just above strong support range(5779-5888).
As correction is on therefore firstly sustaining above 5900 should also be watched for next up moves confirmations.