Nifty-Intra Day Chart(29-Aug-2011):-
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1- Up moves in Rising Channel
2- Mixed patterns between 4910-4930 during last one hour
3- Whole day trading between 4910-4934
Conclusions
Strong rally seen in rising channels and no intraday selling seen except last one hour mixed patterns between 4910-4930. As no intraday selling seen therefore continuation of rally expected in the coming sessions.