Nifty-Intra Day Chart (20-Nov-2014):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 8354-8370
2- Minor selling at higher levels in last half hour
3- Whole day actual trading between 8354-8410
Following lines were told at 07:29 AM yesterday in Technical Analysis and Market Outlook(20-11-2014):-
As was told almost same happened and Nifty traded sideways between 8354-8410 as well as closed within mentioned range at 8,401.90 yesterday.
It was a volatile day yesterday and recovery was seen after lower levels consolidations but minor selling was also seen at higher levels therefore still Nifty will be understood sideways and Nifty will trade as well as prepare for next big moves between within last 12 sessions trading range(8290-8456)
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1- Consolidation between 8354-8370
2- Minor selling at higher levels in last half hour
3- Whole day actual trading between 8354-8410
Conclusions from intra day chart analysis
Following lines were told at 07:29 AM yesterday in Technical Analysis and Market Outlook(20-11-2014):-
Nifty will be understood sideways between 8360-8454 and sustaining beyond this range will be next immediate moves first indication below 8360 and confirmation above 8454.
As was told almost same happened and Nifty traded sideways between 8354-8410 as well as closed within mentioned range at 8,401.90 yesterday.
It was a volatile day yesterday and recovery was seen after lower levels consolidations but minor selling was also seen at higher levels therefore still Nifty will be understood sideways and Nifty will trade as well as prepare for next big moves between within last 12 sessions trading range(8290-8456)
Let Nifty prepare for next big moves between 8290-8456 then break out direction will be updated from intraday charts analysis in the same manner as being done for the last more than 4 years.