Nifty-Intra Day Chart (21-Mar-2014):-
Technical Patterns and Formations in today intraday charts
1- Support between 6486-6491
2- Selling between 6495-6508
3- Whole day actual trading between 6486-6508
Most time range bound trading within 22 points between 6486-6508 with lower levels minor supports and higher levels good selling therefore finally slipping below today lowest(6485.70) is expected. As Dow Jones is trading more than 100 points up therefore some up moves can not be ruled out tomorrow but finally down moves are expected in next week because good selling today.
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1- Support between 6486-6491
2- Selling between 6495-6508
3- Whole day actual trading between 6486-6508
Conclusions from intra day chart analysis
Most time range bound trading within 22 points between 6486-6508 with lower levels minor supports and higher levels good selling therefore finally slipping below today lowest(6485.70) is expected. As Dow Jones is trading more than 100 points up therefore some up moves can not be ruled out tomorrow but finally down moves are expected in next week because good selling today.