Nifty-Intra Day Chart (21-Oct-2013):-
Technical Patterns and Formations in today intraday charts
1- Consolidation and supports between 6164-6190
2- Selling indications between 6196-6204
2- Down moves in Bullish Falling Channel.
3- Whole day actual trading between 6164-6218
As lower levels consolidations with supports and Bullish Falling Channel formations today therefore finally up moves are expected but selling indications also seen at higher levels therefore some more follow up consolidations is also must in the coming sessions.
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1- Consolidation and supports between 6164-6190
2- Selling indications between 6196-6204
2- Down moves in Bullish Falling Channel.
3- Whole day actual trading between 6164-6218
Conclusions from intra day chart analysis
As lower levels consolidations with supports and Bullish Falling Channel formations today therefore finally up moves are expected but selling indications also seen at higher levels therefore some more follow up consolidations is also must in the coming sessions.