Nifty-Micro Analysis of Intra Day Chart For 06-01-2012
Nifty-Intra Day Chart(05-Jan-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 4765-4778.
2- Rising channel broken down.
3- Support between 4731-4742
4- Whole day trading between 4731-4779
Nifty-Micro Analysis of 2 days Intra Day Chart(Jan 04 & Jan 05,2012)
Nifty-Intra Day Chart(Jan 04 & Jan 05,2012):-
Technical Patterns and Formations in last 2 sessions intraday charts
1- Selling at higher levels
2- Buying at lower levels
3- Last 2 days trading between 4730-4780
Nifty-Micro Analysis of 3 days Intra Day Chart(Jan 03 to Jan 05,2012)
Nifty-Intra Day Chart(Jan 03 to Jan 05,2012):-
Technical Patterns and Formations in last 3 sessions intraday charts
1- Strong rally on 03-01-2012
2- Last 2 days mixed intraday patterns between 4730-4780
Conclusions from last 3 sessions intra day chart analysis
Strong rally on 03-01-2012 and after that 2 days of its correction with mixed intraday patterns within 4730-4780. It is confirm that market is preparing for next decisive moves within 50 points range and its break out confirmation will form next short term trend and may lay the foundation of next big moves also.
As more consolidation patterns in last 2 sessions therefore its upside break out possibility is more but confirmation is also must through sustaining beyond or forceful break out of this range.
Riping too much between 4730-4780 and its break out will trigger big moves therefore should be watched first.
Nifty-Intra Day Chart(05-Jan-2011):-
 |
| Just click on chart for its enlarged view |
1- Selling between 4765-4778.
2- Rising channel broken down.
3- Support between 4731-4742
4- Whole day trading between 4731-4779
Nifty-Micro Analysis of 2 days Intra Day Chart(Jan 04 & Jan 05,2012)
Nifty-Intra Day Chart(Jan 04 & Jan 05,2012):-
 |
| Just click on chart for its enlarged view |
1- Selling at higher levels
2- Buying at lower levels
3- Last 2 days trading between 4730-4780
Nifty-Micro Analysis of 3 days Intra Day Chart(Jan 03 to Jan 05,2012)
Nifty-Intra Day Chart(Jan 03 to Jan 05,2012):-
 |
| Just click on chart for its enlarged view |
1- Strong rally on 03-01-2012
2- Last 2 days mixed intraday patterns between 4730-4780
Conclusions from last 3 sessions intra day chart analysis
Strong rally on 03-01-2012 and after that 2 days of its correction with mixed intraday patterns within 4730-4780. It is confirm that market is preparing for next decisive moves within 50 points range and its break out confirmation will form next short term trend and may lay the foundation of next big moves also.
As more consolidation patterns in last 2 sessions therefore its upside break out possibility is more but confirmation is also must through sustaining beyond or forceful break out of this range.
Riping too much between 4730-4780 and its break out will trigger big moves therefore should be watched first.