Nifty-Micro Analysis of Intra Day Chart For 16-01-2012
Nifty-Intra Day Chart(16-Jan-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4828-4848
2- Mixed Patterns between 4860-4880
3- Most time consolidation patterns fomations.
4- Whole day trading between 4828-4880
Nifty-Micro Analysis of 4 days Intra Day Chart(Jan 11 to Jan 16,2012)
Nifty-Intra Day Chart(Jan 11 to Jan 16,2012):-
Technical Patterns and Formations in last 4 sessions intraday charts
1- Genuine Selling between 4857-4876 before INFY results on 11-01-2012
2- Good Support at lower levels between 4808-4860
3- Mixed Patterns between 4860-4897
4- 4 Days trading between 4804-4898
Conclusions
Genuine selling between 4857-4876 before INFY results on 11-01-2012 and almost in the same range mixed intraday patterns seen in two previous sessions also. Good support also at lower levels therefore last 4 sessions trading range(4804-4898) upward break out possibility is equally high but selling at higher levels also therefore consolilation is firstly required in the coming sessions.
4 Days trading between 4804-4898 and finally break out above 4898 is expected after follow up consolidation in the coming sessions. As genuine selling on 11-01-2012 therefore consolidation is firstly must tomorrow.
Nifty-Intra Day Chart(16-Jan-2011):-
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| Just click on chart for its enlarged view |
1- Consolidation between 4828-4848
2- Mixed Patterns between 4860-4880
3- Most time consolidation patterns fomations.
4- Whole day trading between 4828-4880
Nifty-Micro Analysis of 4 days Intra Day Chart(Jan 11 to Jan 16,2012)
Nifty-Intra Day Chart(Jan 11 to Jan 16,2012):-
 |
| Just click on chart for its enlarged view |
1- Genuine Selling between 4857-4876 before INFY results on 11-01-2012
2- Good Support at lower levels between 4808-4860
3- Mixed Patterns between 4860-4897
4- 4 Days trading between 4804-4898
Conclusions
Genuine selling between 4857-4876 before INFY results on 11-01-2012 and almost in the same range mixed intraday patterns seen in two previous sessions also. Good support also at lower levels therefore last 4 sessions trading range(4804-4898) upward break out possibility is equally high but selling at higher levels also therefore consolilation is firstly required in the coming sessions.
4 Days trading between 4804-4898 and finally break out above 4898 is expected after follow up consolidation in the coming sessions. As genuine selling on 11-01-2012 therefore consolidation is firstly must tomorrow.