Mid-session Outlook(14-09-2011)
Nifty-Intra Day Chart(Sep 12 & Sep 13,2011):-
Higher levels selling but lower levels buying also in last 2 days and Nifty is trading at lower levels of last 2 sessions range since opening today between 4918-4969.
Volatile market immediately after opening and Nifty could not sustained at higher levels also but lower levels good support also today at 4918. As Nifty got support at 4912 in last sessions therefore this level break out will decide next long trend. Slipping and sustaining below 4912 should be watched for next moves confirmation for commencement of fresh down moves. Follow up confirm support today will mean correction completion strong indication and up moves within yesterday range(4912-5028) will be seen first.
Nifty got support at 4912 in last 2 sessions and again got support a little above it today also and intraday patterns are also suggesting consolidations today therefore Up moves from here possibilities can not be ruled out.
4912-4970 break out will give next immediate moves confirmations and should be watched first.
Nifty-Intra Day Chart(Sep 12 & Sep 13,2011):-
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Volatile market immediately after opening and Nifty could not sustained at higher levels also but lower levels good support also today at 4918. As Nifty got support at 4912 in last sessions therefore this level break out will decide next long trend. Slipping and sustaining below 4912 should be watched for next moves confirmation for commencement of fresh down moves. Follow up confirm support today will mean correction completion strong indication and up moves within yesterday range(4912-5028) will be seen first.
Nifty got support at 4912 in last 2 sessions and again got support a little above it today also and intraday patterns are also suggesting consolidations today therefore Up moves from here possibilities can not be ruled out.
4912-4970 break out will give next immediate moves confirmations and should be watched first.