Nifty-Intra Day Chart(22-Feb-2012):-
1- Selling between 5590-5625
2- Forceful fall.
3- Whole day trading between 5592-5625
As soon as selling developed then it was updated in following words in Post-open Outlook at 10:27:00AM tpday;-
Intraday selling seen at higher levels between 5611-5625 today.
Nifty-Intra Day Chart(Feb 17 to Feb 22,2012):-
Technical Patterns and Formations in last 3 sessions intraday charts
1- More than 4 hours selling between 5588-5605 on 17-02-2012.
2- Selling on the back of Greece bailout Package approval news on 21-02-2012.
3- Selling between 5590-5625 on 22-02-2012.
As above selling was seen therefore:-
Although sharp fall was seen after 02:00PM today but its possivilities were updated more than 10 times in last 3 days and specially in following ways;-
1-Following topic was posted on 20-02-2012:-
Slipping below 5500 expected
2- Weekly Outlook of this week was updated with following heading on 20-02-2012:-
Firstly Correction & then Crossing of next Resistances(5600-5700)
3- Following topic was posted 07:10:00 PM on 21-02-2012:-
Very short term correction possibility turning Higher
Following technical positions were updated in Post-open Outlook at 10:27:00AM on 22-02-2012;-
Intraday selling seen at higher levels between 5611-5625 today.
Last 3 Days sideways trading between 5546-5626 and its forceful broken down after 02:00PM today. Previous resistance was between 5600-5700 and follow up selling confirmation within this range means mentioned resistance range turning stronger.
1098 Nifty points strong rally and its short term correction continuation confirmation after Engulfing Bearish Candle today means testing possibility of next supports and following supports will be firstly watched in the coming sessions:-
1- 5475
2- 5428-5461(Gap Support)
3- 5340-5415(Strong support)
Market require complete consolidation for next rally and let this process begun then will be updated in the same manner as has been very latest told:-
1- Many times before the beginning of today down moves.
2- 2012 rally was started to tell from 02-12-2011 and was told more than 100 times told in Dec 2011 and Jan 2012.
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Selling between 5590-5625
2- Forceful fall.
3- Whole day trading between 5592-5625
Conclusions from intra day chart analysis
As soon as selling developed then it was updated in following words in Post-open Outlook at 10:27:00AM tpday;-
Intraday selling seen at higher levels between 5611-5625 today.
Sharp fall after 02:00PM today but its possibility was being told daily in 3 previous sessions
Nifty-Intra Day Chart(Feb 17 to Feb 22,2012):-
 |
| Just click on chart for its enlarged view |
1- More than 4 hours selling between 5588-5605 on 17-02-2012.
2- Selling on the back of Greece bailout Package approval news on 21-02-2012.
3- Selling between 5590-5625 on 22-02-2012.
Conclusions (After Putting All Studies Together)
As above selling was seen therefore:-
Although sharp fall was seen after 02:00PM today but its possivilities were updated more than 10 times in last 3 days and specially in following ways;-
1-Following topic was posted on 20-02-2012:-
Slipping below 5500 expected
2- Weekly Outlook of this week was updated with following heading on 20-02-2012:-
Firstly Correction & then Crossing of next Resistances(5600-5700)
3- Following topic was posted 07:10:00 PM on 21-02-2012:-
Very short term correction possibility turning Higher
Following technical positions were updated in Post-open Outlook at 10:27:00AM on 22-02-2012;-
Intraday selling seen at higher levels between 5611-5625 today.
Last 3 Days sideways trading between 5546-5626 and its forceful broken down after 02:00PM today. Previous resistance was between 5600-5700 and follow up selling confirmation within this range means mentioned resistance range turning stronger.
1098 Nifty points strong rally and its short term correction continuation confirmation after Engulfing Bearish Candle today means testing possibility of next supports and following supports will be firstly watched in the coming sessions:-
1- 5475
2- 5428-5461(Gap Support)
3- 5340-5415(Strong support)
Market require complete consolidation for next rally and let this process begun then will be updated in the same manner as has been very latest told:-
1- Many times before the beginning of today down moves.
2- 2012 rally was started to tell from 02-12-2011 and was told more than 100 times told in Dec 2011 and Jan 2012.