Nifty-Intra Day Chart (30-Apr-2015):-
Technical Patterns and Formations in today intraday charts
1- Support between 8144-8168
2- Selling between 8175-8195
3- Support between 8145-8164
4- Mixed Patterns between 8184-8211
5- Whole day actual trading between 8144-8229
Although some selling patterns were seen but lower levels good supports were also seen on 30-04-2015 therefore Pull Back Rally will be considered in the beginning of next week. As following resistances are lying at immediate higher levels therefore until Nifty will not sustain above 8308 till then decisive up moves will not be considered.
1- Resistances between 8213-8225
2- Resistances between 8232-8308
Detailed analysis of EOD Charts have already been updated yesterday and for understanding Long Term Trend just click following Topic Link
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1- Support between 8144-8168
2- Selling between 8175-8195
3- Support between 8145-8164
4- Mixed Patterns between 8184-8211
5- Whole day actual trading between 8144-8229
Conclusions from intra day chart analysis
Although some selling patterns were seen but lower levels good supports were also seen on 30-04-2015 therefore Pull Back Rally will be considered in the beginning of next week. As following resistances are lying at immediate higher levels therefore until Nifty will not sustain above 8308 till then decisive up moves will not be considered.
1- Resistances between 8213-8225
2- Resistances between 8232-8308
Detailed analysis of EOD Charts have already been updated yesterday and for understanding Long Term Trend just click following Topic Link