Nifty-Intra Day Chart (14-Oct-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6114-6123
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 6086-6123
Although most time positive zone trading since opening today but Up moves in Bearish Rising Channel with higher levels selling also therefore expected that Nifty will not sustain above today highest(6123) and will slip below today lowest(6086) despite closing near higher levels of the day today.
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1- Selling between 6114-6123
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 6086-6123
Conclusions from intra day chart analysis
Although most time positive zone trading since opening today but Up moves in Bearish Rising Channel with higher levels selling also therefore expected that Nifty will not sustain above today highest(6123) and will slip below today lowest(6086) despite closing near higher levels of the day today.