Nifty-Intra Day Chart (12-Dec-2013):-
Technical Patterns and Formations in today intraday charts
1- More than 5 hours trading between 6254-6270 with consolidation indications.
2- Sharp down in last half hour.
3- Whole day actual trading between 6232-6270
Although Sharp down in last half hour and closing near the lows of the day despite consolidation indications from intraday charts between 6254-6270. As today down moves were without as such selling therefore sustaining below 6254 should be firstly watched tomorrow for next trend confirmations because Indian and all Global markets were down today on the back of QE-3 tapering fear in FOMC meet in next week.
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1- More than 5 hours trading between 6254-6270 with consolidation indications.
2- Sharp down in last half hour.
3- Whole day actual trading between 6232-6270
Conclusions from intra day chart analysis
Although Sharp down in last half hour and closing near the lows of the day despite consolidation indications from intraday charts between 6254-6270. As today down moves were without as such selling therefore sustaining below 6254 should be firstly watched tomorrow for next trend confirmations because Indian and all Global markets were down today on the back of QE-3 tapering fear in FOMC meet in next week.