Nifty-Intra Day Chart (09-Dec-2014):-
Technical Patterns and Formations in today intraday charts
1- Whole day down moves in Bullish Falling Channel
2- Whole day actual trading between 8330-8444
Although slipping 114 points from higher levels but whole day down moves in Bullish Falling Channel therefore only Pull Back rally will be considered at this moment because correction is on and its completion will be seen after complete consolidations.
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1- Whole day down moves in Bullish Falling Channel
2- Whole day actual trading between 8330-8444
Conclusions from intra day chart analysis
Although slipping 114 points from higher levels but whole day down moves in Bullish Falling Channel therefore only Pull Back rally will be considered at this moment because correction is on and its completion will be seen after complete consolidations.