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Nifty-Micro Analysis of 7 days Intra Day Chart(Aug 19 to Aug 29,2011)


Nifty-Intra Day Chart(Aug 19 to Aug 29,2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 7 sessions intraday charts

1- Minor resistance between 4952-4960
2- Global cues led high voltality.
2- Mixed patterns between 4910-4930 during last one hour on 29-08-2011

Conclusions

Nifty closed at 4919 on 29-08-2011 and next minor resistance range is 4952-4960. Testing of mentioned resistance range is very much possible today and sustaining anove 4960 is also expected on the back of expected global strong cues.
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