Nifty traded last 29 minutes mixed patterns between 4684-4705 and trading much below this range therefore it is weakness signal and profit booking indication within this range yesterday. Good support and consolidation between following ranges in 3 previous sessions;-
1- 4602-4624(21-12-2011)
2- 4560-4590(19-12-2011 and 20-12-2011)
Nifty will trade between yesterday range first of all and prepare for next moves. Fresh consolidation is required for continuation of yesterday begun Pull Back rally and it is expected also. Coming hours intraday charts formations and sustaining beyond yesterday trading range(4602-4705) will be next moves confirmation.
1- 4602-4624(21-12-2011)
2- 4560-4590(19-12-2011 and 20-12-2011)
Nifty will trade between yesterday range first of all and prepare for next moves. Fresh consolidation is required for continuation of yesterday begun Pull Back rally and it is expected also. Coming hours intraday charts formations and sustaining beyond yesterday trading range(4602-4705) will be next moves confirmation.