Nifty-Intra Day Chart (29-Jan-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6159-6169
2- First 5 hours down moves in Bullish Falling Channel.
3- Sharp down moves in last hour
4- Whole day actual trading between 6121-6169
Although closing near the lowest levels of the day but first 5 hours down moves in Bullish Falling Channel therefore finally up moves are expected in the coming sessions.
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1- Selling between 6159-6169
2- First 5 hours down moves in Bullish Falling Channel.
3- Sharp down moves in last hour
4- Whole day actual trading between 6121-6169
Conclusions from intra day chart analysis
Although closing near the lowest levels of the day but first 5 hours down moves in Bullish Falling Channel therefore finally up moves are expected in the coming sessions.