Nifty-Intra Day Chart(26-Mar-2012):-
Consolidation Patterns in today intraday charts
1- Falling Channels without Force
2- New 8 intraday bottoms without force.
3- Most time trading between 5175-5223
4- Whole day trading between 5175-5255
Although Whole day trading in negative zone and closing near the lowest of the day but intraday charts are showing above mentioned consolidation patterns within and above previous strong support range(5172-5200) therefore up moves are expected tomorrow.
Finally sustaining above 5223 will be first and strong indication of correction completion therefore should be firstly watched tomorrow.
Intraday consolidations and crucial levels were updated during trading hours in following outlooks also therefore just click following topic links and keep in mind crucial support levels:-
1- Pre-Closing Outlook
2- Mid-session Outlook-2
High possibility of rally continuation from tomorrow after today intraday consolidations and correction completion.
 |
| Just click on chart for its enlarged view |
1- Falling Channels without Force
2- New 8 intraday bottoms without force.
3- Most time trading between 5175-5223
4- Whole day trading between 5175-5255
Conclusions from intra day chart analysis
Although Whole day trading in negative zone and closing near the lowest of the day but intraday charts are showing above mentioned consolidation patterns within and above previous strong support range(5172-5200) therefore up moves are expected tomorrow.
Finally sustaining above 5223 will be first and strong indication of correction completion therefore should be firstly watched tomorrow.
Intraday consolidations and crucial levels were updated during trading hours in following outlooks also therefore just click following topic links and keep in mind crucial support levels:-
1- Pre-Closing Outlook
2- Mid-session Outlook-2
High possibility of rally continuation from tomorrow after today intraday consolidations and correction completion.