Technical Analysis,Research & Weekly Outlook
(Jul 23 to Jul 27,2012)
Nifty-Micro Analysis of 1 Month Sessions Intra Day Chart(Jul 22 to Jul 20,2012)
Nifty-Intra Day Chart (Jul 22 to Jul 20,2012):-
 |
| Just click on chart for its enlarged view |
1- Multiple Resistances between 5200-5345
2- Supports between 5085-5145
Conclusions from 1 Month Sessions intra day chart analysis
As whole day genuine intraday selling patterns(5200-5218) last Friday therefore confirm trading below 5200 in the coming week and firstly trading between and little above next support range(5085-5145) will be seen in the coming sessions.
Strong supports between 5085-5145 and below upto 5010 and Indian markets will firstly prepare for next moves between 5085-5200 in the coming week. AS good selling between 5200-5345 in 15 sessions of July 2012 therefore market require complete consolidations to trade between and above 5200-5345.
More down moves and trading between next supports range(5085-5145) expected in the coming sessions.