Nifty-Intra Day Chart(07-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5080-5098
2- Whole day trading between 5035-5098
Conclusions from intra day chart analysis
As soon as Profit booking signals emerged then it was updated in Mid-session Outlook at 11:30:00 AM yesterday and finally intraday selling confirmations between 5080-5098. Good consolidation was also seen between 5003-5033 on 05-12-2011 therefore Indian markets will remain sideways today and prepare for next moves between two previous sessions trading range(5003-5098)
Let market prepare for next moves then will be decided according to intraday charts formations and will be updated in Mid-session Outlooks during trading hours.
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1- Selling between 5080-5098
2- Whole day trading between 5035-5098
Conclusions from intra day chart analysis
As soon as Profit booking signals emerged then it was updated in Mid-session Outlook at 11:30:00 AM yesterday and finally intraday selling confirmations between 5080-5098. Good consolidation was also seen between 5003-5033 on 05-12-2011 therefore Indian markets will remain sideways today and prepare for next moves between two previous sessions trading range(5003-5098)
Let market prepare for next moves then will be decided according to intraday charts formations and will be updated in Mid-session Outlooks during trading hours.