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Nifty-Micro Analysis of Intra Day Chart For 11-10-2011


Nifty-Intra Day Chart(10-Oct-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intra day charts

1- Consolidation between 4885-4898
2- Consolidation between 4936-4959
3- Rising Channel Up move between 4950-4991
4- Last one hour Trading between Resistance Range 4980-4991
5- Whole day trading between 4884-4990

Conclusions

Whole day up moves with regular intraday consolidations. No intraday selling patterns and last one hour trading also seen between next resistance range(4960-5022). Global markets are blasting therefore sentiment has improved and continuation of on going rally expected in the coming sessions after higher levels consolidations.

We are not telling for up moves on the back of strong global cues today but We are continuously telling only for up moves since 05-10-2011 and its genuine proofs have also been updated in following 2 topics on 10-10-2011:-

1- Proofs of 100% accurate Nifty Predictions in our Blog
2- Up Moves Predictions of 05-Oct-2011 proved 100% true today

Resistances at higher levels according to its strength has been updated in following topic today:-

Technical Analysis,Researches & Market Outlook(11-10-2011)
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