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Nifty-Micro Analysis of Intra Day Chart For 11-08-2011


Nifty-Intra Day Chart(10-Aug-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intra day charts

1- Good selling between 5160-5185
2- Buying between 5125-5150
3- Whole day trading between 5125-5185

Conclusions

As good selling at higher levels today therefore fresh selling tomorrow will mean beginning fresh down moves. Some buying was also seen at lower levels and today trading range will be watched for next moves condirmations. As good selling today therefore more down moves possibility turned high today.
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