Nifty-Intra Day Chart (14-Nov-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 8373-8389
2- Whole day actual trading between 8347-8400
Selling patterns formations between following ranges in last 3 sessions:-
1- On 12-11-2014- 8395-8415
2- On 13-11-2014- 8368-8402
3- On 14-11-2014- 8373-8389
Selling between 8368-8415 in last 3 sessions and following up selling was seen last Friday also therefore correction is expected below 8368 in the coming sessions despite closing near the higher levels of the day on 14-11-2014.
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1- Selling between 8373-8389
2- Whole day actual trading between 8347-8400
Conclusions from intra day chart analysis
Selling patterns formations between following ranges in last 3 sessions:-
1- On 12-11-2014- 8395-8415
2- On 13-11-2014- 8368-8402
3- On 14-11-2014- 8373-8389
Selling between 8368-8415 in last 3 sessions and following up selling was seen last Friday also therefore correction is expected below 8368 in the coming sessions despite closing near the higher levels of the day on 14-11-2014.