Following lines were told for today up moves which proved 100% accurate during trading hours today and slow up moves seen today:-
Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow up moves may be seen between this range.
Nifty-Intra Day Chart upto 02:48PM(07-Sep-2011):-
Slow up moves and Complete consolidation demand was told and same is clear from above intraday chart of Nifty. As complete consolidation not seen therefore market slipped .
Selling formation and small HNS formation seen at higher levels today but it is not sufficient for next moves confirmation. Market is not mature for any side sustained move today and tomorrow follow up Buying/Selling will give next moves indications and confirmations.
Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow up moves may be seen between this range.
Nifty-Intra Day Chart upto 02:48PM(07-Sep-2011):-
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| Just click on chart for its enlarged view |
Selling formation and small HNS formation seen at higher levels today but it is not sufficient for next moves confirmation. Market is not mature for any side sustained move today and tomorrow follow up Buying/Selling will give next moves indications and confirmations.