Nifty-Intra Day Chart (27-Nov-2013):-
Technical Patterns and Formations in today intraday charts
1-Down moves in Bullish Falling Channel.
2-Consolidation between 6031-6048
3- Whole day actual trading between -
As firstly down moves in Bullish Falling Channel and after that lower levels consolidation therefore following conclusions are being repeated which were updated in both previous Outlooks yesterday:-
1- emergence of fresh up move expectations.
2- emergence of rally expectations in next derivative month
3- Next crucial and big trend deciding support is at 5972 and expected that Nifty will not sustain below it despite continuous slipping.
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1-Down moves in Bullish Falling Channel.
2-Consolidation between 6031-6048
3- Whole day actual trading between -
Conclusions from intra day chart analysis
As firstly down moves in Bullish Falling Channel and after that lower levels consolidation therefore following conclusions are being repeated which were updated in both previous Outlooks yesterday:-
1- emergence of fresh up move expectations.
2- emergence of rally expectations in next derivative month
3- Next crucial and big trend deciding support is at 5972 and expected that Nifty will not sustain below it despite continuous slipping.