Nifty-Intra Day Chart(22-06-2011):-
Main Features
1- Consolidation between 5263-5282
2- Minor selling between 5287-5297
Conclusions
Last 2 days selling patterns but today consolidation patterns therefore last 3 sessions consolidated positions are mixed between 5250-5320 and suggesting that Nifty will trade first within 5250-5320 and prepare for next moves as well as sustaining beyond mentioned range will be first strong indication of next moves.
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1- Consolidation between 5263-5282
2- Minor selling between 5287-5297
Conclusions
Last 2 days selling patterns but today consolidation patterns therefore last 3 sessions consolidated positions are mixed between 5250-5320 and suggesting that Nifty will trade first within 5250-5320 and prepare for next moves as well as sustaining beyond mentioned range will be first strong indication of next moves.