Nifty-Intra Day Chart (24-Sep-2014):-
Technical Patterns and Formations in today intraday charts
1- Whole day down moves but in Bullish Falling Channel
2- Support between 7951-7980
3- Whole day actual trading between 7951-8042
Following conclusions lines were told at 10:14 AM in Post-open Outlook(24-09-2014):-
1- Nifty is trading near about psychological level of 8000 today
2- firstly sustaining beyond this levels should be watched today
3- finally next big trend will be decided according to sustaining beyond 7918-8180.
Previous supports were between and Nifty got supports within this range today therefore these supports have strengthened today because consolidation pattern of Bullish Falling Channel formations just above it today:-
Most time negative zone trading with Red closing above the psychological level of 8000 at 8002.45 today but whole day down moves in Bullish Falling Channel and lower levels supports also therefore fresh up moves beginning towards 8170 is expected from tomorrow.
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1- Whole day down moves but in Bullish Falling Channel
2- Support between 7951-7980
3- Whole day actual trading between 7951-8042
Conclusions from intra day chart analysis
Following conclusions lines were told at 10:14 AM in Post-open Outlook(24-09-2014):-
1- Nifty is trading near about psychological level of 8000 today
2- firstly sustaining beyond this levels should be watched today
3- finally next big trend will be decided according to sustaining beyond 7918-8180.
Previous supports were between and Nifty got supports within this range today therefore these supports have strengthened today because consolidation pattern of Bullish Falling Channel formations just above it today:-
1- 7924-7952
2- 7856-7891
Most time negative zone trading with Red closing above the psychological level of 8000 at 8002.45 today but whole day down moves in Bullish Falling Channel and lower levels supports also therefore fresh up moves beginning towards 8170 is expected from tomorrow.