Nifty-Micro Analysis of 5 days Intra Day Chart(May 30 to Jun 03,2011)
Main Features
1- Support,base formation and consolidation between 5459-5473 on 30-05-2011
2- Support between 5500-5540
3- Resistance between 5555-5600
Conclusions
Sentiment may be depressed Monday morning because Dow Jones closed 97 points down yesterday and Indian markets weak opening can not be ruled out on Monday but strong Support,base formation and consolidation between 5459-5473 on 30-05-2011 and until Nifty will not sustain below 5459 will then on going up trend is safe.
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1- Support,base formation and consolidation between 5459-5473 on 30-05-2011
2- Support between 5500-5540
3- Resistance between 5555-5600
Conclusions
Sentiment may be depressed Monday morning because Dow Jones closed 97 points down yesterday and Indian markets weak opening can not be ruled out on Monday but strong Support,base formation and consolidation between 5459-5473 on 30-05-2011 and until Nifty will not sustain below 5459 will then on going up trend is safe.