Nifty-Intra Day Chart (10-Jun-2014):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 7587-7608
2- Consolidation between 7614-7627
3- Up moves in Bearish Rising Channel
4- Upmoves in last 1 hour
5- Whole day actual trading between 7587-7663
Following conclusions were told in last 3 Outlooks:-
Following conclusions were told in last 3 Outlooks:-
1- Selling between 7652-7673
2- Consolidation above 7500 and selling below 7673 in last 2 sessions
3- Nifty will be understood sideways between 7500-7673 and will firstly prepare for next decisive moves within this range
4- some volatility can not be ruled out within mentioned range
Although lower levels supports and consolidation above 7587 today but up moves were in Bearish Rising Channel also therefore mixed patterns formations will be understood and next trend deciding range will be sustaining beyond 7587-7673 and expected that Nifty will firstly trade within or near about this range tomorrow.
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1- Consolidation between 7587-7608
2- Consolidation between 7614-7627
3- Up moves in Bearish Rising Channel
4- Upmoves in last 1 hour
5- Whole day actual trading between 7587-7663
Conclusions from intra day chart analysis
Following conclusions were told in last 3 Outlooks:-
Following conclusions were told in last 3 Outlooks:-
1- Selling between 7652-7673
2- Consolidation above 7500 and selling below 7673 in last 2 sessions
3- Nifty will be understood sideways between 7500-7673 and will firstly prepare for next decisive moves within this range
4- some volatility can not be ruled out within mentioned range
As was told 100% same happened today and firstly Nifty slipped from higher levels today because intraday charts showed selling yesterday and remained whole day sideways between 7500-7673
Although lower levels supports and consolidation above 7587 today but up moves were in Bearish Rising Channel also therefore mixed patterns formations will be understood and next trend deciding range will be sustaining beyond 7587-7673 and expected that Nifty will firstly trade within or near about this range tomorrow.
Expected that finally fresh rally will be seen after follow up consolidations between 7500-7673 but some more consolidation is firstly required yet and sustaining beyond this range should bewatched tomorrow for next trend confirmations