Technical Analysis and Research of Micro Analysis of Nifty Intra Day have already been explained in following topics with 1 Charts therefore not being repeated:-
Nifty-Micro Analysis of Intra Day Chart For 04-07-2011
Nifty-EOD Chart(01-07-2011):-
Forceful rally of 6 sessions reversed all trends and turned all the trends up. Nifty crossed 5600 and sustained 2 days above also but some selling was seen last Friday after good consolidations between 5600-5625 one day before. It is good support and next previous resistances are as follows:-
1- 5775
2- 5850
3- 5944
Higher levels selling was seen between 5655-5672 last Friday therefore Indian markets have to consolidate first near about this range today and then up moves will seen. As some selling was seen above crucial level of 5600 therefore consolidation is must today for sustaining above it confirmations
Although higher levels selling but whole day intraday patterns of last Friday showed consolidation indications therefore expected that follow up consolidations will be seen today and Nifty will finally sustain above 5600 and shoot up. Last 9 days Outlooks in this Blog are live proofs of this fact that We told more than 20 times only for Bullish rally and upmoves from the bottom of rally and never told for any Bearish market.
Indian markets will also open with good gains and close positive after whole day Green zone trading.
Nifty-Micro Analysis of Intra Day Chart For 04-07-2011
Nifty-EOD Chart(01-07-2011):-
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| Just click on chart for its enlarged view |
1- 5775
2- 5850
3- 5944
Higher levels selling was seen between 5655-5672 last Friday therefore Indian markets have to consolidate first near about this range today and then up moves will seen. As some selling was seen above crucial level of 5600 therefore consolidation is must today for sustaining above it confirmations
Although higher levels selling but whole day intraday patterns of last Friday showed consolidation indications therefore expected that follow up consolidations will be seen today and Nifty will finally sustain above 5600 and shoot up. Last 9 days Outlooks in this Blog are live proofs of this fact that We told more than 20 times only for Bullish rally and upmoves from the bottom of rally and never told for any Bearish market.
Indian markets will also open with good gains and close positive after whole day Green zone trading.