Nifty-Intra Day Chart(17-06-2011):-
Main Features
1- First 2 hours Mixed patterns between 5375-5387
2- Last 3 hours Consolidation pattern between 5355-5375
Conclusions
Indian markets closed near lowest levels of the week but today intraday patterns are suggesting consolidaations(buying) within crucial support range(5329-5370). Although Indian markets closed in Red today but today consolidation patterns are indicating very short term up move on next Monday.
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1- First 2 hours Mixed patterns between 5375-5387
2- Last 3 hours Consolidation pattern between 5355-5375
Conclusions
Indian markets closed near lowest levels of the week but today intraday patterns are suggesting consolidaations(buying) within crucial support range(5329-5370). Although Indian markets closed in Red today but today consolidation patterns are indicating very short term up move on next Monday.