Nifty-Micro Analysis of Intra Day Chart For 12-01-2012
Nifty-Intra Day Chart(11-Jan-2011):-
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1- Selling between 4857-4876
2- Whole day trading between 4843-4876
Conclusions from intra day chart analysis
Good higher levels selling at higher levels selling between 4857-4876 today therefore this range will be resistance and require complete consolidation to sustain above 4876. As good intraday selling one day before INFY results therefore down moves will also be considered after INFY quarterly results tomorrow.
Whatsoever INFY results tomorrow but until Nifty will not sustain above 4876 till then upmoves will not be considered and sustaining above it is must.