Nifty-Intra Day Chart (07-Jan-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6197-6220
2- Support between 6145-6157
3- Selling between 6179-6193
4- Whole day actual trading between 6145-6220
Volatile day with higher levels selling and lower levels also but should be kept in mind that follow up selling seen after yesterday selling and today selling is just above previous strong support range(6130-6180) therefore view is cautious and firstly sustaining it beyond should be watched tomorrow for:-
1- Above 6180 will mean rally beginning after last Thursday started correction completion.
2- Below 6130 will mean correction continuation towards 200-Day EMA(today at 5954)
 |
| Just click on chart for its enlarged view |
1- Selling between 6197-6220
2- Support between 6145-6157
3- Selling between 6179-6193
4- Whole day actual trading between 6145-6220
Conclusions from intra day chart analysis
Volatile day with higher levels selling and lower levels also but should be kept in mind that follow up selling seen after yesterday selling and today selling is just above previous strong support range(6130-6180) therefore view is cautious and firstly sustaining it beyond should be watched tomorrow for:-
1- Above 6180 will mean rally beginning after last Thursday started correction completion.
2- Below 6130 will mean correction continuation towards 200-Day EMA(today at 5954)