Nifty-Intra Day Chart(09-06-2011):-
Main Features
1- selling between 5522-5540
2- Consolidation between 5505-5526
Conclusions
Volatile day today and market slipped from higher levels 2 times but got support at lower levels also. Indian markets slipped from higher levels and when Nifty was trading at lower levels then it was told many tmes that weakness confirmation will be after sustaining below 5515 only. When Nifty was trading at lower levels and started consolidations then also upmoves possibilities was told in Mid-session Outlook-3.
Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions.
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1- selling between 5522-5540
2- Consolidation between 5505-5526
Conclusions
Volatile day today and market slipped from higher levels 2 times but got support at lower levels also. Indian markets slipped from higher levels and when Nifty was trading at lower levels then it was told many tmes that weakness confirmation will be after sustaining below 5515 only. When Nifty was trading at lower levels and started consolidations then also upmoves possibilities was told in Mid-session Outlook-3.
Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions.