Nifty-Intra Day Chart (06-Jun-2012):-
Technical Patterns and Formations in today intraday charts
1- Whole day Rally only
2- Whole day trading between 4886-5010
Wole day rally yesterday but it was already projected much before its happening in last 2 days and Technical developments of such sharp suges with intraday and EOD charts were also explained in 5 topics. Just click following Topic link for live proofs of yesterday strong rally projections and for those topics links also in which EOD and intraday charts have been updated:-
Pre-open Outlook(07-06-2012)
Blasting Global markets and testing of 200-Day SMA(today at 5065) will be seen after gap up opening today and sustaining it beyond will give confirmations to Intermediate and Long term trends which are already down. Trading above 200-Day SMA(5065) is expected in the coming sessions and sustaining above will mean be confirmation of trend reversal therefore will be firstly watched today.
Rally is expected after sustaining above 5065 but confirmation is also must and then next targets with resistances will be discussed.
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1- Whole day Rally only
2- Whole day trading between 4886-5010
Conclusions from intra day chart analysis
Wole day rally yesterday but it was already projected much before its happening in last 2 days and Technical developments of such sharp suges with intraday and EOD charts were also explained in 5 topics. Just click following Topic link for live proofs of yesterday strong rally projections and for those topics links also in which EOD and intraday charts have been updated:-
Pre-open Outlook(07-06-2012)
Blasting Global markets and testing of 200-Day SMA(today at 5065) will be seen after gap up opening today and sustaining it beyond will give confirmations to Intermediate and Long term trends which are already down. Trading above 200-Day SMA(5065) is expected in the coming sessions and sustaining above will mean be confirmation of trend reversal therefore will be firstly watched today.
Rally is expected after sustaining above 5065 but confirmation is also must and then next targets with resistances will be discussed.