Nifty-Intra Day Chart (28-Jul-2014):-
Technical Patterns and Formations in today intraday charts
1- First 4 hours down moves in Bullish Falling Channel.
2- 2 hours consolidation between 7723-7733
3- Whole day actual trading between 7723-7799
Firstly 4 hours down moves in Bullish Falling Channel and 2 hours lower levels consolidation therefore strong indication of 2 sessions correction completion at day's lowest(7723) and possibility of up moves towards and above 7840 in the coming sessions.
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1- First 4 hours down moves in Bullish Falling Channel.
2- 2 hours consolidation between 7723-7733
3- Whole day actual trading between 7723-7799
Conclusions from intra day chart analysis
Firstly 4 hours down moves in Bullish Falling Channel and 2 hours lower levels consolidation therefore strong indication of 2 sessions correction completion at day's lowest(7723) and possibility of up moves towards and above 7840 in the coming sessions.