Nifty-Micro Analysis of 10 days Intra Day Charts(Aug 30 to Sep 14,2011)
Nifty-Intra Day Chartt(Aug 30 to Sep 14,2011):-
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1- 3 Sessions buying between 4912-4936
2- 3 Sessions buying between 4922-4960
3- 3 Sessions selling between 5120-5169
Nifty-Micro Analysis of 2 days Intra Day Charts(Sep 13 and Sep 14,2011)
Nifty-Intra Day Chartt(Sep 13 and Sep 14,2011):-
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1- Buying between 4912-4936
2- Selling between 5020-5028
Conclusions
Strong support and base formation at lower levels in last 10 days and strong Global cues also today after yesterday sharp recovery from lower levels. Sentiment heated today morning therefore profit booking and intraday voltale market possibility will be kept in mind.
Next up moves confirmation will be firstly crossing 5028 and then sustaining above 5055. It is clear from 10 days intraday chart that no resistance between 5028-5120 therefore Sharp surge is very much possible after sustaining above 5055.
Expected that Nifty will sustain above 5055 after fresh intraday consolidations and yesterday begun rally will remain continued.