Nifty-Intra Day Chart (18-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1- Good selling Selling between 5827-5862
2- Whole day actual trading between 5807-5862
Technically good selling at higher levels and no supports at lower level as well as closing near the lower levels yesterday. FOMC meet's results will be declared in the mid night today and its reaction will be seen tomorrow therefore volatility may remain high today but until Nifty will not sustain above yesterday highest till then next up move will not be considered. As yesterday good selling after Bearish Rising Channel on 17-06-2013 therefore finally down moves below 5807 are expected tomorrow despite whatsoever declarations from FOMC tonight.
Technical Patterns and Formations in today intraday charts
1- Good selling Selling between 5827-5862
2- Whole day actual trading between 5807-5862
Conclusions from intra day chart analysis