Nifty-Intra Day Chart (22-Oct-2013):-
Technical Patterns and Formations in today intraday charts
1- Consolidation and supports between 6185-6200
2- Down moves in Bullish Falling Channel.
3- Whole day actual trading between 6185-6220
Although closing with minor losses but lower levels good consolidation and supports as well as down moves in Bullish Falling Channel therefore expected that on going rally will remain continued in the coming sessions and next decisive moves confirmation will be valid break out of 6164-6221.
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1- Consolidation and supports between 6185-6200
2- Down moves in Bullish Falling Channel.
3- Whole day actual trading between 6185-6220
Conclusions from intra day chart analysis
Although closing with minor losses but lower levels good consolidation and supports as well as down moves in Bullish Falling Channel therefore expected that on going rally will remain continued in the coming sessions and next decisive moves confirmation will be valid break out of 6164-6221.