Nifty-Intra Day Chart (05-Dec-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 8567-8583
2- Selling between 8557-8567
3- Whole day actual trading between 8525-8583
we told also following line on 12-05-2014 in Minimum target of Nifty at 8616.90:-
Following line was told at 08:02 AM on 05-12-2014 in Technical Analysis and Market Outlook(05-12-2014):-
Certainly correction is on and its continuation is expected as well as until complete consolidation will not happen till then correction will remain continued.
Next possibilities with all crucial levels have already been updated in following topic on 05-12-2014,just go through following topic link and prepare yourself for coming sessions trading:-
 |
| Just click on chart for its enlarged view |
1- Selling between 8567-8583
2- Selling between 8557-8567
3- Whole day actual trading between 8525-8583
Conclusions from intra day chart analysis
we told also following line on 12-05-2014 in Minimum target of Nifty at 8616.90:-
Nifty is well set for rally towards minimum target at 8616.90.
8616.90 was told 6 months before and Nifty made intraday highest at 8617 on 28-11-2014
Following line was told at 08:02 AM on 05-12-2014 in Technical Analysis and Market Outlook(05-12-2014):-
emergence of correction possibility
As was told 100% same happened and Nifty closed -0.30% down after more than 3 hours positive zone trading but more than 5 hours follow up selling.
Next possibilities with all crucial levels have already been updated in following topic on 05-12-2014,just go through following topic link and prepare yourself for coming sessions trading:-