Nifty-Intra Day Chart (28-Jan-2014):-
Technical Patterns and Formations in today intraday charts
1- Pre RBI Credit policy mixed Patterns between 6142-6163.
2- Sharp fall after RBI Credit policy.
2- Consolidation patterns formation and supports between 6086-6122.
4- Last more than 4 hours up moves with consolidation and Bullish Falling Channel formations.
5- Whole day actual trading between 6086-6163.
Although sharp fall after RBI hiking Repo rate by 25 BPS but after that lower levels good supports and consolidation as well as last more than 4 hours up moves with consolidation and Bullish Falling Channel formations therefore strong signal of up moves in the coming sessions.
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1- Pre RBI Credit policy mixed Patterns between 6142-6163.
2- Sharp fall after RBI Credit policy.
2- Consolidation patterns formation and supports between 6086-6122.
4- Last more than 4 hours up moves with consolidation and Bullish Falling Channel formations.
5- Whole day actual trading between 6086-6163.
Conclusions from intra day chart analysis
Although sharp fall after RBI hiking Repo rate by 25 BPS but after that lower levels good supports and consolidation as well as last more than 4 hours up moves with consolidation and Bullish Falling Channel formations therefore strong signal of up moves in the coming sessions.