Nifty-Intra Day Chart(06-06-2011):-
Main Features
1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
Conclusions
Nifty consolidated and got last 3 Hours support between 5510-5535 last Friday and also Nifty crossed this range today. Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.
Nifty suatining beyond 5535 tomorrow will decide that last Friday started correction from 5604 is continued or finished.
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1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
Conclusions
Nifty consolidated and got last 3 Hours support between 5510-5535 last Friday and also Nifty crossed this range today. Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.
Nifty suatining beyond 5535 tomorrow will decide that last Friday started correction from 5604 is continued or finished.