Nifty-Micro Analysis of Intra Day Chart For 08-07-2011

Nifty-Intra Day Chart(07-07-2011):-

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Technical Positions of today intraday charts

1- Good intraday consolidation between 5675-5695
2- Whole day consolidation

Conclusions

All trends are up and fresh up moves begun today. Whole day good consolidations today therefore rally will remain continued and following resistances will be tested in the coming sessions:-

1- 5775
2- 5850
3- 5944