Nifty-Intra Day Chart(01-07-2011):-
Main Features
1- Selling between 5655-5672
2- Mixed Patterns between 5612-5640 in last 4 hours.
Conclusions
Intraday trading range is 5612-5672 and higher levels selling also but mixed patterns in last 4 hours at lower levels. Other Indices also showing mixed patterns today,while some are showing buying but some are showing selling also therefore it is confirm that consolidation is must within today range for any upmove from here.
Nifty sustained above 5600 whole day and all trends are up therefore expected that Indian markets will first consolidate within today range(5612 -5672) and after that next rally will begin.
 |
| Just click on chart for its enlarged view |
1- Selling between 5655-5672
2- Mixed Patterns between 5612-5640 in last 4 hours.
Conclusions
Intraday trading range is 5612-5672 and higher levels selling also but mixed patterns in last 4 hours at lower levels. Other Indices also showing mixed patterns today,while some are showing buying but some are showing selling also therefore it is confirm that consolidation is must within today range for any upmove from here.
Nifty sustained above 5600 whole day and all trends are up therefore expected that Indian markets will first consolidate within today range(5612 -5672) and after that next rally will begin.