Nifty-Micro Analysis of Intra Day Chart For 30-01-2012
Nifty-Intra Day Chart(27-Jan-2012):-
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1- Support between 5163-5185
2- Selling Patterns between 5187-5194
3- Selling Patterns between 5200-5210
4- Up moves without force in rising channel.
5- Whole day trading between 5163-5210
Conclusions from intra day chart analysis
Although closing near the top of the day after lower levels support but up moves have been without force as well as higher levels selling patterns also therefore view is cautions. Rally is on but correction is over due because short term indicators are heated and very short term correction may be seen for cooling down of overbought indicators.