Nifty-Intra Day Chart (Nov 12 & Nov 13,2012):-
Technical Patterns and Formations in last 2 Sessions intraday charts
1- Selling between 5672-5705
2- 2 Sessions actual trading between 5662-5705
35 Sessions sideways market and its detailed analysis have already been updated in Strong Big Moves after final Break Out on 10-11-2012.
Good resistances at higher levels and next supports are between 5583-5615 as well as complete consolidation is required for sustaining above mentioned supports.As intraday selling patterns seen in previous 2 sessions between 5672-5705 therefore more down moves are expected in the coming sessions.
Global cues are also weak today morning therefore testing of above next supports(5583-5615) is possible after gap down opening and sustaining it beyond should be firstly watched for next big trend confirmations.
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1- Selling between 5672-5705
2- 2 Sessions actual trading between 5662-5705
Conclusions from 2 Sessions intra day chart analysis
35 Sessions sideways market and its detailed analysis have already been updated in Strong Big Moves after final Break Out on 10-11-2012.
Good resistances at higher levels and next supports are between 5583-5615 as well as complete consolidation is required for sustaining above mentioned supports.As intraday selling patterns seen in previous 2 sessions between 5672-5705 therefore more down moves are expected in the coming sessions.
Global cues are also weak today morning therefore testing of above next supports(5583-5615) is possible after gap down opening and sustaining it beyond should be firstly watched for next big trend confirmations.