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Nifty-Micro Analysis of Intra Day Chart For 25-05-2011


Nifty-Intra Day Chart(24-05-2011):-
Just click on chart for its enlarged view
Main Features

1- Whole day intraday consolidations.
2- 5 Waves of Falling Wedge(Bullish Pattern)
3- Trading range- 5367-5422

Conclusions

Nifty traded whole day between 5367-5422 today with intraday consolidation patterns and intraday chart formed 5 Waves of Falling Wedge reversal patterns therefore Pull back rally is possible in the coming sessions.
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