Nifty-Intra Day Chart(30-05-2011):-
Main Features
1- Support,base formation and consolidation between 5459-5473
2- Although Nity slipped from higher levels continuously 5 times but Patterns are showing consolidations
3- Whole day intraday consolidation
Conclusions
Intraday charts of today are suggesting whole day consolidations patterns.
Following lines were told at 01:19:00 PM in Mid-session Outlook-2 today:-
'Intraday support and base formation indication between 5459-5473 today.Now Nifty susaining above 5473 will be watched first for next up moves confirmations"
Nifty closed exactly at 5,473.10 today and intraday patterns of today are suggesting whole day consolidations therefore upmoves with continuous consolidations possibility is high. Sustaining beyond 5459-5473 will be next moves confirmations.
 |
| Just click on chart for its enlarged view |
1- Support,base formation and consolidation between 5459-5473
2- Although Nity slipped from higher levels continuously 5 times but Patterns are showing consolidations
3- Whole day intraday consolidation
Conclusions
Intraday charts of today are suggesting whole day consolidations patterns.
Following lines were told at 01:19:00 PM in Mid-session Outlook-2 today:-
'Intraday support and base formation indication between 5459-5473 today.Now Nifty susaining above 5473 will be watched first for next up moves confirmations"
Nifty closed exactly at 5,473.10 today and intraday patterns of today are suggesting whole day consolidations therefore upmoves with continuous consolidations possibility is high. Sustaining beyond 5459-5473 will be next moves confirmations.