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Nifty-Micro Analysis of Intra Day Chart(20-05-2011)

Nifty-Intra Day Chart(20-05-2011)
Just click on chart for its enlarged view
Main Features

1- Consolidation patterns between 5452-5490
2- Minor selling between 5505-5517

Conclusions

3 Days base formation between 5402-5431 and then Consolidation patterns between 5452-5490 last Friday but good selling at higher levels also therefore market requires complete preparation for next moves in the coming sessions.