Technical Analysis and Research For 12-05-2011

Nifty-Micro Analysis of today Intra Day Chart(11-05-2011)

Just click on chart for its enlarged view

Main features are as follows:-

1- Whole day intraday consolidation between 5525-5550
2- Slipped from higher levels in last 15 minutes but patterns are not selling.

Conclusions

Fresh consolidation expected betwen 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions.
-------------------------------------------------------------
Detailed Technical Analysis have already been posted in following topics in last 5 days and no change in positions today therefore not being repeated. As last 5 days postd analysis will have impact on tomorrow trading also therefore useful links are as follows;-

1- Weekly Outlook(09-05-2011 to 13-05-2011)

2- Indian Stock Markets Report(09-05-2011)

3- Technical Analysis and Research For 10-05-2011