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Technical Analysis and Market Outlook(01-10-2013)

Nifty-Intra Day Chart (30-Sep-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Without force down moves with Bullish Falling Channel formations.
2- High volatility in last 2 hours
3- Whole day trading between 5718-5810

Conclusions from intra day chart analysis 

High volatility in last 2 hours and closing below Long Term Trend decider 200 Day EMA(5751) therefore Long Term up Trend is at stake but its survival hopes are still alive because today Whole day without force down moves with Bullish Falling Channel formations as well as today closing near about higher levels of next gap support range(5689-5738). 

Firstly sustaining beyond 5738 should be watched tomorrow because once sustaining below it will mean breaking down confirmation of 200 Day EMA(5751) and Neckline of 14 sessions Bearish Head and Shoulders Pattern(5810). It should be kept in mind that high possibility of trend reversal also after sustaining below 5738.