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1- Mixed Patterns between 8129-8147
2- Mixed Patterns between 8145-8157
3- Whole day actual trading between 8129-8180
Conclusions from intra day chart analysis
Although first 5 hours trading with mixed pattern formations but forceful up moves in last hours because Indian markets are trading at life time high and general trader does not buy easily as well as sell fast at such extremely higher levels.
Last 3 sessions selling between 8100-8139 and this range broken out forcefully today therefore rally continuation is expected in the coming sessions because:-
1- Indian markets are trading at life time high.
2- Complete selling patterns on daily charts are firstly required for any deeper correction.
3- As such selling patterns have not seen yet.
Minor intraday correction or 1/2 sessions Very Short Term correction may be seen after any rally but no possibility of any deeper correction at this moment and this fact should also be kept in mind that some times Bull markets correct at at higher levels also without slipping in intraday negative zone.