Nifty-Intra Day Chart (01-Jan-2015):-
Technical Patterns and Formations in today intraday charts
1- More than 4 hours trading with Mixed Patterns formations between 8262-8280
2- Mixed Patterns formations between 8280-8294 in last hour
3- Whole day actual trading between 8249-8294
As whole day good selling yesterday therefore most time negative zone trading after weak opening today. Good selling between 8218-8286 in previous sessions but today most time trading with closing within this range with Mixed Patterns formations therefore view is cautious and firstly follow up moves with sustaining beyond this range should be watched tomorrow for next immediate trend confirmations.
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1- More than 4 hours trading with Mixed Patterns formations between 8262-8280
2- Mixed Patterns formations between 8280-8294 in last hour
3- Whole day actual trading between 8249-8294
Conclusions from intra day chart analysis
As whole day good selling yesterday therefore most time negative zone trading after weak opening today. Good selling between 8218-8286 in previous sessions but today most time trading with closing within this range with Mixed Patterns formations therefore view is cautious and firstly follow up moves with sustaining beyond this range should be watched tomorrow for next immediate trend confirmations.