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Nifty-Micro Analysis of Intra Day Chart For 18-08-2011


Nifty-Intra Day Chart(17-Aug-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Support between 5018-5045
2- Resistance between 5080-5110
3- Whole day trading between 5018-5110
4- Volatile Market.
4- Intraday pattern is suggesting consolidation formations.

Conclusions

Good consolidation at lower levels and whole day intraday patterns are suggesting consolidation formations therefore follow up buying tomorrow will mean up move possibility despite Anna Hazare agitation. Today trading range break out will be next move first indication and will be firstly watched tomorrow.
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