Nifty-Intra Day Chart (15-Dec-2014):-
Technical Patterns and Formations in today intraday charts
1- Most time trading between 8204-8242 with down moves in Bullish Falling Channels within this range
2- Whole day trading between 8153-8242
Although huge gap down opening after most depressing most Global markets but strong more than 50 points recovery in first 3 minutes and most time trading within 38 points between 8204-8242 with down moves in Bullish Falling Channels within this range therefore emergence of fresh up moves expectations tomorrow despite SGX Nifty is now trading 52 points down.
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1- Most time trading between 8204-8242 with down moves in Bullish Falling Channels within this range
2- Whole day trading between 8153-8242
Conclusions from intra day chart analysis
Although huge gap down opening after most depressing most Global markets but strong more than 50 points recovery in first 3 minutes and most time trading within 38 points between 8204-8242 with down moves in Bullish Falling Channels within this range therefore emergence of fresh up moves expectations tomorrow despite SGX Nifty is now trading 52 points down.