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Nifty-Micro Analysis of Intra Day Chart For 29-07-2011


Nifty-Intra Day Chart(28-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 5492-5500
2- Buying between 5475-5485
3- Last 2 hours selling between 5492-5506

Conclusions

Nifty closed below 5497 and also selling seen near about it. As today negative zone market was result of depressed global cues therefore sustaining beyond today range(5475-5510) will be next moves confirmation but higher levels selling today therefore down moves possibilities are high.
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