Nifty-Intra Day Chart(06-07-2011):-
Main Features
1- 3 hours narrow range trading between 5611-5634
2- Minor selling between 5622-5634
3- Intraday support between 5611-5620
4- Intraday patterns are showing consolidations patterns in 45 points range bound market.
Conclusions
Mixed intraday positions but patterns of whole day intraday chart is showing consolidation formations therefore expected that 5600 will be finally saved and rally will be seen in the coming sessions.
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1- 3 hours narrow range trading between 5611-5634
2- Minor selling between 5622-5634
3- Intraday support between 5611-5620
4- Intraday patterns are showing consolidations patterns in 45 points range bound market.
Conclusions
Mixed intraday positions but patterns of whole day intraday chart is showing consolidation formations therefore expected that 5600 will be finally saved and rally will be seen in the coming sessions.