Nifty-Intra Day Chart (17-Jul-2014):-
Technical Patterns and Formations in today intraday charts
1- Profit booking between 7634-7644
2- Consolidation between 7615-7630
3- Consolidation between 7624-7635
4- Higher bottom formations
5- Whole day actual trading between 7615-7655
Although profit booking firstly but lower levels consolidations with higher bottom formations therefore signals of follow up consolidation after more than 2% rally in previous 2 sessions and expected that finally up moves will be seen above today highest(7655).
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1- Profit booking between 7634-7644
2- Consolidation between 7615-7630
3- Consolidation between 7624-7635
4- Higher bottom formations
5- Whole day actual trading between 7615-7655
Conclusions from intra day chart analysis
Although profit booking firstly but lower levels consolidations with higher bottom formations therefore signals of follow up consolidation after more than 2% rally in previous 2 sessions and expected that finally up moves will be seen above today highest(7655).