Nifty-Intra Day Chart (09-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 7887-7926
2- Selling between 7955-7972 in last more than 1 hour.
3- Whole day actual trading between 7887-7972
Nifty closed at 7960.55 after gaining 117 points today but when Nifty was trading in Red then following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)
When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-
Following resistances ranges were updated today at 09:22 AM in Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels:-
1- 7975-7991
2- 8008-8030
Whole day today trading just below the lowest of above mentioned resistance ranges between 7887-7972 with lower levels good consolidation but higher levels selling also between 7955-7972. As today selling was just below resistances therefore firstly complete consolidation is required for sustaining above today highest(7972) and above resistances up to 8030.
Expected that Nifty will firstly trade between today trading range and prepare for next trend as well as valid break out of today trading range(7887-7972) will be next trend 1st indication. Nifty will remain sideways between 7817-8030 in the coming few sessions and prepare for next big trend as well as valid break out of this range will be strong indication of next big moves.
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1- Consolidation between 7887-7926
2- Selling between 7955-7972 in last more than 1 hour.
3- Whole day actual trading between 7887-7972
Conclusions from intra day chart analysis
Nifty closed at 7960.55 after gaining 117 points today but when Nifty was trading in Red then following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)
emergence of Pull Back rally expectation above today highest(7869)
When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-
emergence of Pull Back rally possibility above today highest(7869).
Following resistances ranges were updated today at 09:22 AM in Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels:-
1- 7975-7991
2- 8008-8030
Whole day today trading just below the lowest of above mentioned resistance ranges between 7887-7972 with lower levels good consolidation but higher levels selling also between 7955-7972. As today selling was just below resistances therefore firstly complete consolidation is required for sustaining above today highest(7972) and above resistances up to 8030.
Expected that Nifty will firstly trade between today trading range and prepare for next trend as well as valid break out of today trading range(7887-7972) will be next trend 1st indication. Nifty will remain sideways between 7817-8030 in the coming few sessions and prepare for next big trend as well as valid break out of this range will be strong indication of next big moves.