Nifty-Intra Day Chart (10-Dec-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6338-6354
2- Lower levels supports.
2- Up moves in Bearish Rising Channel.
3- Whole day actual trading between 6308-6362
All trends are up but sentiment is heated due to all time high formations yesterday and resultant profit booking seen today. As lower levels supports also seen at lower levels therefore mixed positions formation today and sustaining beyond today trading range(6308-6362) should be firstly watched tomorrow for next immediate move confirmations.
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1- Selling between 6338-6354
2- Lower levels supports.
2- Up moves in Bearish Rising Channel.
3- Whole day actual trading between 6308-6362
Conclusions from intra day chart analysis
All trends are up but sentiment is heated due to all time high formations yesterday and resultant profit booking seen today. As lower levels supports also seen at lower levels therefore mixed positions formation today and sustaining beyond today trading range(6308-6362) should be firstly watched tomorrow for next immediate move confirmations.