Nifty-Intra Day Chart(04-07-2011):-
Main Features
1- Minor Selling between- 5663-5672
2- Selling between- 5652-5660
3- Buying between- 5634-5642
4- More than 5 hours 26 Nifty points narrow range trading between 5634-5660
Conclusions
Nifty traded more than 5 hours between 5634-5660 with mixed intraday trading patterns. Sustaining beyond this range will be next moves first strong indication. Supports below this range and resistances above this range in 2 previous sessions therefore Nifty will finally trade between 5600-5672 and sustaining beyond this range(5600-5672) will be confirmation of next trend.
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1- Minor Selling between- 5663-5672
2- Selling between- 5652-5660
3- Buying between- 5634-5642
4- More than 5 hours 26 Nifty points narrow range trading between 5634-5660
Conclusions
Nifty traded more than 5 hours between 5634-5660 with mixed intraday trading patterns. Sustaining beyond this range will be next moves first strong indication. Supports below this range and resistances above this range in 2 previous sessions therefore Nifty will finally trade between 5600-5672 and sustaining beyond this range(5600-5672) will be confirmation of next trend.