Nifty-Intra Day Chart(19-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4560-4578
2- Mixed Patterns between 4600-4620
3- Whole day trading between 4560-4620
Conclusions from intra day chart analysis
Clear intraday support at lower levels today and up moves are possible tomorrow also. Finally sustaining above 4640 will be decisive up moves confirmation and it will be firstly watched tomorrow and next short term trend will be considered according to sustaining beyond 4640.
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1- Consolidation between 4560-4578
2- Mixed Patterns between 4600-4620
3- Whole day trading between 4560-4620
Conclusions from intra day chart analysis
Clear intraday support at lower levels today and up moves are possible tomorrow also. Finally sustaining above 4640 will be decisive up moves confirmation and it will be firstly watched tomorrow and next short term trend will be considered according to sustaining beyond 4640.